Fed Chair Powell: Fed's strategy and tools "have been and remain effective"

Market news

9 October 2019

Fed Chair Powell: Fed's strategy and tools "have been and remain effective"

U.S. economy is in a good place but facing some risks
"Historically" strong jobs market is benefiting low- and moderate-income communities

European stocks closed: FTSE 100 7,166.50 +23.35 +0.33% DAX 12,094.26 +124.06 +1.04% CAC 40 5,499.14 +42.52 +0.78%

EIA’s report reveals bigger-than-expected advance in U.S. crude oil inventories

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