NEW YORK (Reuters) – The U.S. economy and labor market is strong with inflation contained, even while financial markets have recently been focused on the risk that global economic growth will slow further, a Federal Reserve governor said on Thursday.
“Clearly markets are more attuned currently to downside risks but the core, base case remains very strong” for the U.S. economy, Randal Quarles, the central bank’s vice chair for supervision, said at an insurance industry conference.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source : Reuters Link