Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

Powell speech: A  more gradual pace does not automatically go to every other meeting

FOMC Chairman Jerome Powell comments on the policy outlook and responds to questions from the press after the Federal Reserve's decision to raise the policy rate by 25 basis points to 5.25-5.5% following the July policy meeting.

Key quotes

"It is a good thing headline inflation has come down so much."

"It will strengthen public perception of inflation coming down."

"How do you balance the risks of doing too much and too little, and we're coming to a place where there is risks on both sides."

"We need to see inflation durably down, want to see core inflation coming down."

"Core inflation is still pretty elevated."

"We're going to need to hold policy at restrictive levels for some time."

"Unemployment rate at same level as lift off is real blessing."

"Some softening in labor conditions is still the likely outcome."

"Worst outcome would be to not deal with inflation."

"I do not believe policy has been restrictive enough for long enough to bring inflation to target."

"Still a long way to go."

"If incoming data tells us we need to do more, then we will do more."

"A more gradual pace does not automatically go to every other meeting."

"It makes all the sense in the world to slow down."

About Jerome Powell (via Federalreserve.gov)

"Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028."

Powell speech: Will be looking to see if signal from June CPI is replicated

FOMC Chairman Jerome Powell comments on the policy outlook and responds to questions from the press after the Federal Reserve's decision to raise the
Read more Previous

GBP/USD shoots higher as Fed chair sticks to the data dependent script

GBP/USD has spiked to break the prior highs of the day and stays the course with regards to the technical bullish correction that is illustrated below
Read more Next