Thursday 18 March 2021

Check out the news of the past 24 hours

 🌈🌈Good morning! Have a nice day!

+ Check out the news of the past 24 hours:


1️⃣ Key points from Fed Chairman J. Powell's statement:

- Seeing strong economic growth in 2021, GDP is expected to reach 6.5%. And reach 3.3% in 2022, 2.2% in 2023.

- Inflation is expected to increase to 2.4% this year, higher than the Fed's inflation target, but that is only temporary.

- Commit to keep interest rates close to zero until the end of 2023, an effort to ensure the economy fully recovers from the pandemic.

2️⃣ Notable facts and economic data today

- At 16:00 and 19:00 today, the President of the European Central Bank Lagarde will deliver a speech. The market will focus on his statement and policy direction on the economic outlook of the eurozone.

At 20:00, the Bank of England will announce interest rate decisions and meeting minutes, investors must be wary of the fluctuations of the pound.

At 23:55, Fed Chairman Powell delivered his closing speech at the meeting hosted by the Bank for International Settlements. Following the Fed's resolution, people can continue to pay attention to the policy signals revealed in Powell's speech.

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