Lates News

Chris Beauchamp, Chief Market Analyst at IG Markets in the UK: "The situation going forward remains to be observed, appointing someone is one thing, but actually taking up the position of Chair of the Federal Reserve is another. The President hopes to maintain low interest rates as a top priority... but the problem lies in the fact that Powell's situation may also be equally challenging. The President's stance will not change, and it must be acknowledged that the United States is currently in a quite tricky situation with high inflation persisting, and signs of weakness starting to appear in non-farm employment data, with the unemployment rate on the rise."