Dallas Fed President Robert Kaplan recently crossed the wires saying that he continues to advocate the Fed’s patient stance and pause on rate hikes. The US Dollar Index didn’t react to Kaplan’s comments and was last up 0.02% on the day at 96.13.
Key quotes (via Reuters)
- Global growth is decelerating.
- China continues to use debt to ‘plug the gap’.
- There is a number of downside risks, uncertainties.
- U.S. growth in 2019 will be slower given waning fiscal stimulus, higher rates.
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