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Fed's Clarida: We will act appropriately to sustain the expansion

2019-06-21 18:40

In an interview with Bloomberg, Richard Clarida, Fed Board of Governors Vice Chair,  argued that the U.S. was staying close to the Fed's 2% inflation target. 

Clarida further added that the uncertainty elevated in the last six-eight weeks but said that the outlook for expansion was sustained. "We will act appropriately to sustain the expansion," Clarida stated.

The greenback came under modest selling pressure on these headlines and erased its daily gains. The US Dollar Index was last seen down 0.07% on the day at 96.55.

This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

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