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Fed’s Brainard: Retail sales data this morning is a ‘mess’

Federal Reserve governor Lael Brainard recently crossed the wires saying that this morning retail sales data was a ‘mess’.  

Key quotes

  • Downside risks have increased.
  • Financial conditions have also tightened, taking that on board as look at year ahead.
  • Being on hold on policy right now is the right place to be.

Source: Bloomberg.

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