Today there are no trading signals due to the Fed Interest Rate Decision
The Federal Reserve lowered the target range for the federal funds rate to 2-2.25 percent during its July meeting, the first-rate cut since the financial crisis, as inflation remains subdued amid heightened concerns about the economic outlook and ongoing trade tensions with China. Interest Rate in the United States averaged 5.66 percent from 1971 until 2019, reaching an all-time high of 20 percent in March of 1980 and a record low of 0.25 percent in December of 2008.
Fed to Act as Appropriate to Support Growth: Powell
The Federal Reserve will act as appropriate to sustain the expansion with a strong labor market and inflation near its 2 percent objective, Chair Jerome H. Powell said on Friday at the central bank’s annual Jackson Hole symposium. The chairman noted that the US economy continues to perform well, but faces significant risks due to ongoing trade tensions; global economic slowdown, notably in Germany and China; and geopolitical uncertainty, including the growing possibility of a hard Brexit, rising tensions in Hong Kong, and the dissolution of the Italian government.