Fed’s Powell Says Two Rate Hikes This Year Possible

Federal Reserve Governor Jerome Powell on Tuesday said he sees conditions for an interest rate liftoff as soon as September, and an additional increase in December.
He added that he believes the dollar and oil prices have broadly stabilized.

He estimated the economy will grow at around a 2 percent pace this year.

Powell said he’s seen positive signs in the economy, including a pickup in wages and an uptick in the labor participation rate.

Powell is a voting member on the policy-setting committee.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza