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09.05.2016 21:51

Chicago Fed President Charles Evans: the Fed’s cautious approach in raising interest rates is appropriate

Chicago Fed President Charles Evans said in a speech on Monday that the Fed's cautious approach in raising interest rates was appropriate. He also said that he expected the U.S. economy to expand around 2.5% this year.

Evans is not a voting member of the Federal Open Market Committee (FOMC) this year.

09.05.2016 22:21

Gold is much cheaper now

Market focus

  • U.S industrial production rose 0.6 percent in November after moving down 0.2 percent in October
  • UK PM May: Was Crystal Clear About Assurances Needed On Brexit
  • U.S retail sales were $513.5 billion in November, an increase of 0.2 percent from the previous month
  • Eurozone Composite PMI fell from 52.7 in November to 51.3 in December, its lowest since November 2014
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