Market Update: If FED Keeps Hiking Rates, it will Cause a Recession
The US President Donald Trump has repeatedly criticised Fed Chairman Jerome Powell for hiking the rates as the expensive dollar isn't good..
Arslan Butt•Tuesday, December 11, 2018•1 min read
The dollar weakens after Trump’s economic advisor Stephen Moore said in an interview with CNBC that “The Federal Reserve needs to stop increasing interest rates or risk putting the US economy into a recession”.
Fellas, the US President Donald Trump has repeatedly criticised Fed Chairman Jerome Powell for hiking the rates as the expensive dollar isn’t good for exports and if they don’t increase the exports, the US trade deficit will be lingering upon their heads.
This can be an added pressure on Fed Chair Jerome Powell. Let’s see what plans they have for the next year 2019.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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