While speaking at an event organized by the CFA Institute in Boston on Friday, Richard Clarida, the Federal Reserve Board of Governors Vice-Chair, argued that the economic growth in the second half of the year will be slower than the first half. “Relative to July, we have seen a downshift in overall growth,” Clarida further elaborated and noted that he doesn’t see any evidence that recession risks are elevated or spilling over to affect the consumer. In the first part of his speech earlier in the session, Clarida refrained from delivering a hawkish message regarding the policy outlook and caused the US Dollar Index, which was last down 0.2% on the day at 97.36, to push lower. Below are some additional quotes, per Reuters. “Negative rates and currency changes are impacting capital flows in ways they weren’t before.” “Global economy is sort of muddling through, not dire but not robust.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Eurozone: Growth projections for 2020 revised down – BBVA FX Street 3 years While speaking at an event organized by the CFA Institute in Boston on Friday, Richard Clarida, the Federal Reserve Board of Governors Vice-Chair, argued that the economic growth in the second half of the year will be slower than the first half. "Relative to July, we have seen a downshift in overall growth," Clarida further elaborated and noted that he doesn't see any evidence that recession risks are elevated or spilling over to affect the consumer. In the first part of his speech earlier in the session, Clarida refrained from delivering a hawkish message regarding the policy outlook and caused… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
