OctaFX | OctaFX Forex Broker
Open trading account
Back

Fed's Clarida: Economy has good momentum; Fed can be 'very patient' this year

In an interview with Fox, Federal Reserve's Vice Chairman Richard Clarida said that he didn't see a recession on the horizon.

Key quotes (via Reuters)

  • Not case that Fed policy is a headwind for U.S. Economy.
  • Economy has good momentum; Fed can be 'very patient' this year.
  • December rate hike was the right decision.
  • FOMC will take policy decisions 'meeting by meeting'; some global data has been softening.
  • Slowdown in global outlook not yet 'severe', but would tend to impact U.S. Exports.
  • 'Won't hesitate' to adjust asset-portfolio runoff if needed.

USD/JPY pulls away from daily lows as US stocks recover, stays near 108.20

The USD/JPY started the week under pressure as the disappointing data from China on Monday caused concerns over a global economic slowdown to resurfac
Read more Previous

FTSE's upside challenged ahead of meaningful vote

The FTSE 100 dropped 0.91% or 63.16 points to 6,855.02. another factor weighing on the FTSE was the value of the pound, rising to the highest level ag
Read more Next
Start livechat