Robert Kaplan, president of the Federal Reserve Bank of Dallas, on Friday said that the most recent catalyst for the slowdown in global growth is tensions over trade and uncertainty. “The US economy is not immune to the slowdown in the rest of the world, it’s showing up in manufacturing and investment,” Kaplan added.
However, Kaplan also noted that he expects consumer spending to continue to be strong.
The US Dollar Index ignored these comments and was last down 0.15% on the day at 97.41.
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