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Fed to hold: Fed's Brainard mixed outlook

FXStreet (Guatemala) - Fed's Brainard was speaking on the Economic Outlook and policy and echoed the sentiment from the FOMC minutes earlier in the month.

The main take away was that it appears that there are growing concerns about the deflationary risks from overseas and that the Fed should not hike interest rates until such risks diminish. The main concerns from China stem from the property and stock market bubbles.

On the US market, Brainard was upbeat around jobs but noted the sluggish wage growth.

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