Consumer spending in the United States will likely be lower relative to the past until social activities carry less risk, Boston Federal Reserve President Eric Rosengren said on Wednesday. Additional takeaways “Recent slowdown in the US economic activity is likely to continue as states restrict activities.” “With social distancing requirements, momentum toward returning quickly to full employment is fading.” “There has been a steady increase in Main Street loans as businesses and banks become more familiar with the program.” “There are currently more than $856 million in active loans, with more than $250 million settled.” Market reaction The US Dollar Index edged slightly higher in the last minutes and was down 0.2% on the day at 93.46 at the time of press. 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 USD/JPY eases from 3-week tops, still well bid near 106.80-85 region FX Street 2 years Consumer spending in the United States will likely be lower relative to the past until social activities carry less risk, Boston Federal Reserve President Eric Rosengren said on Wednesday. Additional takeaways "Recent slowdown in the US economic activity is likely to continue as states restrict activities." "With social distancing requirements, momentum toward returning quickly to full employment is fading." "There has been a steady increase in Main Street loans as businesses and banks become more familiar with the program." "There are currently more than $856 million in active loans, with more than $250 million settled." Market reaction The US Dollar Index edged… 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.
