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22 Aug 2019

Fed's George: No signs of a downturn in economy

In an interview with CNBC, Kansas City Federal Reserve President Esther George said that she doesn't see a signal of a downturn in the economy and argued that negative rates wouldn't be right for the US right now. “I think the Fed still has a large balance sheet," Geroge added.

Earlier in the session, George told Bloomberg that she would be happy to leave the rates unchanged and explained:

"It's not the time for accommodation, the labour market remains strong. Businesses are still reporting issues finding workers, we are seeing higher wages."

The market reaction to her latest comments was relatively muted and the US Dollar Index was last up 0.05% on the day at 98.30.

Aug 22, 2019

GBP: Guided by the UK politics – Rabobank

According to Jane Foley, senior FX strategist at Rabobank, it is difficult to say for certain whether Chancellor Merkel yesterday intended to sound co

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

Fed's George: No signs of a downturn in economy

GBP: Guided by the UK politics – Rabobank

Mexico 1st half-month Inflation came in at -0.08%, below expectations (0.17%) in August