Fed's Kaplan: Markets signaling sluggish growth in the future
|Speaking at Centers of Growth breakfast conversation at Hearst, in New York, Dallas Fed President Robert Kaplan said that the markets were signaling toward a sluggish growth in the near future.
Key quotes (via Reuters):
- Wary of pushing Fed rates up to 10-year yields
- Potential for neutral rate even lower; cites potential decline in long-term GDP growth
- Worried about short-term tax cut that raises federal debt load, could harm long-term growth
- US worker mobility is near historic low, us lagging in worker development
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.