US Federal Reserve Chairman Jerome Powell said at the hearing of the Senate Finance Committee that the outlook for the US economy will improve later this year, but largely depends on the pandemic and anti-pandemic measures. He reiterated that the realization of the Fed’s goal is still far away and full of uncertainty. However, even if there are signs of improvement, the Fed will continue to provide monetary policy support. Regarding the inflation outlook, he believes that the current rate is still below the long-term target of 2%, but the low base effect will make inflation rise in the short term from March to April, while restating that the inflation rate for the next year or so may remain unstable. On the whole, Powell’s testimony is not very innovative, and has little effect on US stocks, US bond yields and the US dollar.
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.