Philadelphia Federal Reserve Bank President Patrick Harker on Tuesday argued that the Fed should hold rates steady and how the economy evolves and noted that he was against the October rate cut, as reported by Reuters. “We may be at full employment but we really don’t know,” Harker said. “If we lower rates at this point, we won’t get the response we think because cost of capital is not holding businesses back.” These comments were largely ignored by the market participants and the US Dollar Index was last up 0.1% on a daily basis at 98.32. 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 US Pres. Trump: If we don’t make a deal with China, will substantially raise tariffs FX Street 3 years Philadelphia Federal Reserve Bank President Patrick Harker on Tuesday argued that the Fed should hold rates steady and how the economy evolves and noted that he was against the October rate cut, as reported by Reuters. "We may be at full employment but we really don't know," Harker said. "If we lower rates at this point, we won't get the response we think because cost of capital is not holding businesses back." These comments were largely ignored by the market participants and the US Dollar Index was last up 0.1% on a daily basis at 98.32. 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.
