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18.10.2019 21:43

Kansas City Fed president George: Not sure that monetary policy is the appropriate tool to offset weakness in manufacturing and business investment

  • U.S. economy is generally performing well
  • Moderation in economy this year is in line with outlook
  • She is mindful that rate cuts could increase financial instability which Fed has limited ability to counteract
  • Corporate debt continues to rise to high levels and lower capital levels at largest banks could be costly to employment and growth
  • She will remain attentive to incoming data for signs of downside risks to the US economy


Market focus

  • Germany's trade surplus rose slightly in October
  • Swiss unemployment rate remained unchanged in November
  • UK economy showed no growth in October
  • Eurozone investor confidence rose sharply in December - Sentix
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