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Market Update: If FED Keeps Hiking Rates, it will Cause a Recession

Posted Tuesday, December 11, 2018 by
Arslan Butt • 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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