Fx trading News:Fed Chairman expresses concern about the financial status of the US government for the second day in a row!

 

2020-02-14 13:40      from:CAPSTONE    author:Jack

Capstone Forex Trading News:US Federal Reserve Chairman Powell attended a hearing on the Senate Banking Committee on the 12th and reiterated his confidence in the prospects of the US economy, but expressed concern about the federal government's financial situation.
 
Powell said that the current US economy continues to expand, the unemployment rate is at a historically low level, wages have increased year-on-year, and employment opportunities have continued to increase. But at the same time, US debt levels continue to rise, and the federal government's fiscal situation is worrying.

Forex Trading
 
He believes that the biggest problem with the federal budget is medical spending, which accounts for about 17% of gross domestic product (GDP), which is much higher than most advanced economies. Data show that the federal budget deficit this fiscal year may exceed $ 1 trillion.
 
Powell said that the current ratio of national debt to GDP is rising rapidly. This means that future interest costs will become a greater financial burden. According to data recently released by the Peter Peterson Foundation, as US debt levels continue to rise and interest rates rise, the US government ’s net interest cost will increase from $ 382 billion this year to $ 829 billion by 2030.
 
This is the second consecutive day that Powell has expressed concern about the financial situation of the US government. At a hearing before the House Financial Services Committee on the 11th, Powell called on Congress to reduce the federal budget deficit.


Why Choose Capstone Online CFD Trading?
* EURUSD Avg spread of 0.1 pips is the best in the world
* Starting Deposit $100
* Leverage up to 1:400
* Transfer your funds securely with 0% Commission
* Average execution speeds of under 45ms*
* Our diverse and proprietary liquidity mix keeps spreads tight 24/5

 

Got a Question? Contact us now

Liquidity providers:

  • Morgan Stanley
  • Nomura Holdings
  • RBC Royal Bank
  • Royal Bank of Scotland
  • Société Générale
  • UBS
  • Bank of America
  • Barclays
  • BNP Paribas
  • Citadel
  • Citibank
  • Commerzbank
  • Credit Suisse
  • Deutsche Bank
  • Goldman Sachs
  • JPMorgan Chase & Co.
  • KCG
  • Macquarie Group


Capstone forex facebook Capstone forex twitter Capstone forex instagram Capstone forex linkedIn Capstone forex Youtube

Margin FX and CFDs are leveraged products that can result in losses exceeding your initial deposit.They are not suitable for everyone,please make sure that you fully understand the risks involved.

Before you open an account and make a deposit with Capstone,please ensure to look through our legal documents, and based on your personal financial situation, confirm if you have fully understand the risks involved in FX trading.

The information on this site is not directed at residents of the United States, Japan, Afghanistan, Algeria, Angola, Bosnia and Herzegovina, Canada, Cuba, Guyana, Iran, Iraq, Lao PDR, Myanmar, North Korea, Papua New Guinea, Sudan, Syria, Uganda, Yemen or any particular country outside Australia and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law and regulation.

There are business partners:fund custodian Banks,liquidity providers – Banks,ECNs, etc.,trading and technical support companies,market news and data providers,etc.,who establish cooperation relations with Capstone through the website directly or indirectly.Among them,all these trading names and icons of the cooperative merchants are owned by themselves and have nothing to do with Capstone.

Capstone Global is a group of companies which include Capstone Global Australis Pty Ltd, an ASIC regulated provider of CFD and Forex trading services (ABN 95 612 024 889, AFS License No. 494799) and Capstone Global Markets LLC. which is a registered company of St. Vincent and the Grenadines, Limited Liability Number 119 LLC 2019. Capstone Global does not accept applications from residents of countries or jurisdictions where such distribution or use would be contrary to local laws or regulations.

Copyright © 2020 Capstone. All rights reserved.

CAPSTONE FOREX GLOBAL | Forex Trading | Sitemap