OctaFX | OctaFX Forex Broker
Open trading account

Fed's Harker: Global slowdown, trade uncertainty holding back business investment

The global economic slowdown, trade uncertainty and geopolitical tensions are holding back business investment in the US, Philadelphia Federal Reserve Bank President Patrick Harker said in his prepared remarks delivered at a banking forum in Somerset, New Jersey, on Friday.

"Overall, the economy is looking pretty good," Harker added, per Reuters. "We are in the longest economic expansion on record, and I see growth returning to trend of about 2% this year, a view that is widely shared." Harker further noted that he expects inflation to reach the Federal Reserve's 2% target this year.

The US Dollar Index largely ignored this data and was last seen adding 0.26% on the day at 97.56.

USD/CAD se estabiliza cerca de los máximos de sesión, justo por encima de 1.3050

El par USD/CAD se recuperó alrededor de 20-25 pips desde los  mínimos que tocó en los inicios de la sesión europea y actualiza máximos de sesión, alre
Read more Previous

Bank of Italy: Deficit-to-GDP ratio probably fell slightly from 2018 level of 2.2%

Italy's deficit-to-GDP ratio in 2019 was probably slightly below the 2018 level of 2.2%, the Bank of Italy said in a publication on Friday, citing pre
Read more Next
Start livechat