Markets likely to focus on Fed's initial impressions of Trump administration
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Odaily reports that Geoff Yu, EMEA market strategist at New York Bank, expects the Federal Reserve's federal funds rate to remain unchanged this week, and the market may focus more on the Federal Open Market Committee's initial impression of the Trump administration. Yu said this will certainly be a core issue at the new Federal Reserve Chairman Jerome Powell's press conference. Yu also said that New York Bank believes that the macroeconomic outlook has changed little compared to last December, and the Federal Reserve may acknowledge that further easing will be gradual, but will still depend on the data. (Gold Ten)
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