OctaFX | OctaFX Forex Broker
Open trading account

US Treasury Sec Mnuchin: Market overreacted to Fed’s comments

U.S. Treasury Secretary Steven Mnuchin is now out on the wires, delivering the key quotes found below.

  • Market overreacted to Fed’s comments.
  • If low inflation continues, Fed rate path may change.
  • DoJ action separate from trade talks with China.
  • Cites he focuses on Fed’s inflation projection.
  • Still confident we can deliver 3% growth in 2019.
  • Think will see rebalancing out of bonds into equities.

Source Reuters.

EUR/USD retraces large part of daily rally, edges lower toward 1.14

The EUR/USD pair rallied to its highest level since early November at 1.1485 on Thursday as the greenback met a heavy selling pressure during the Euro
Read more Previous

Canada growth preview: Oil to weigh on October figure

"A weak third quarter and continued problems in Canada’s oil industry leave the near-term growth outlook shaky, but we don't expect a material turn fo
Read more Next
Start livechat