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11.05.2016 15:20

San Francisco Fed President John Williams: it is unlikely that the Fed would cut its interest rates into negative territory

San Francisco Fed President John Williams said on Monday that it was unlikely that the Fed would cut its interest rates into negative territory. He also said that the U.S. banking system was safer than before the financial crisis, due to higher reserve requirements and stress testing.

Williams noted that the U.S. economy was in a good shape.

Market focus

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  • 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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