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US Economy Strengthen, says Barkin


May, 08 2018
watermark Economic news

The American economy showed unexpected strength but the robust labor market did not trigger major wage pressures, according to the newest Fed Reserve’s regional President on Monday during his first major speech about monetary policy.


Richmond Fed president Thomas Barkin stated that the US economic health was really strong, showing a higher trend growth with low jobless rate and inflation at target. The statement was made at  George Mason University in Fairfax, Virginia and Barkin served as a voting member for the rate-setting committee of the Fed this year.


The Federal Reserve has a unanimous decision whether to approve interest rate hike in March, as there are speculations for another two increases in the current year while more policymakers assumed three hikes.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.