Fed spokesman George: The US economy was "stable"

Market news

11 July 2016

Fed spokesman George: The US economy was "stable"

- the June employment data was "welcome news".

- expects to see "a fairly steady growth".

- consumer spending is strong, but the weak investment.

-Investment holding up outside of manufacturing and energy.

- the labor market has grown at a remarkable pace.

- the economy is close to full employment.

- the labor market recovery is not equally reflected amoung workers.

- rates are too low given progress in economy.

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