Cleveland Fed President Mester: No signs that weakness spreading to wider economy

Market news

21 November 2019

Cleveland Fed President Mester: No signs that weakness spreading to wider economy

Says Fed in 'really good spot' following three rate cuts
Risks tiled to the downside, citing weak investment
Sees U.S. GDP growth of around 2% next year, around trend
It's worth considering a standing repo facility

European stocks closed: FTSE 100 7,238.55 -23.94 -0.33% DAX 13,137.70 -20.44 -0.16% CAC 40 5,881.21 -12.82 -0.22%

Minneapolis Fed President Kashkari: Businesses have cut back on their investments, nervous about the future

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