The chairman of the Federal Reserve will address the Finance Committee of Congress for three consecutive days
Starting today, Fed President Powell will go to the Finance Committee of Congress for three consecutive days to explain his views on the latest US economic situation. But Powell revealed his speech earlier than yesterday. Powell reiterated that the Federal Reserve will do its best to maintain an easy monetary policy to ensure economic recovery. Because Powell’s remarks are similar to the statement he made at the Fed’s meeting last week. So it lacks new ideas for the market. Let us pay attention to Powell’s speech in the next three days to see if he gives new inspiration to future monetary policy.
The House of Representatives will vote on the Provisional Government Appropriations Bill today
The Democrats of the U.S. House of Representatives introduced the provisional government appropriations bill, which does not include the $30 billion in agricultural subsidies pursued by the White House. Therefore, they did not receive the support of the White House and Republicans in the Senate, and the government is at risk of shutting down. On September 22 (today), the bill will be voted on in the House of Representatives. Senate Majority Leader McConnell said that if there is no assistance to farmers, the bill should be rejected.
—————————————————————
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.