In an interview with Stifel Financial on Friday, Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, said that he is not forecasting a recession but added that risks to the downside have increased over the last six months. “The US economy is sending mixed signals,” Kashkari said. “Consumers are strong, but businesses appear to be nervous, pulling back on spending and hiring.” The US Dollar Index largely ignored Kashkari’s comments and was last down 0.12% on the day at 97.45. Below are some additional quotes, per Reuters. “Europe, Germany, China are slowing, and the US will feel that.” “The yield curve is signalling the Fed policy may be slightly contractionary.” “Monetary policy should be somewhat accommodative in light of the risks we are seeing.” “I expect the inflation to undershoot 2% target for the foreseeable future.” 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 CryptoCompare releases its real-time order book feed FX Street 3 years In an interview with Stifel Financial on Friday, Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, said that he is not forecasting a recession but added that risks to the downside have increased over the last six months. "The US economy is sending mixed signals," Kashkari said. "Consumers are strong, but businesses appear to be nervous, pulling back on spending and hiring." The US Dollar Index largely ignored Kashkari's comments and was last down 0.12% on the day at 97.45. Below are some additional quotes, per Reuters. "Europe, Germany, China are slowing, and the US will feel that."… 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.
