Fed Vice Chair Clarida says he does not think most market participants expect a rate cut - CNBC

Market news

20 February 2020

Fed Vice Chair Clarida says he does not think most market participants expect a rate cut - CNBC

Notes fundamentals of U.S. economy remain solid into 2020
Labor market is strongest in 50 years
There has been a decline in trade policy uncertainty
That decline in tensions from trade should be positive for business investment
He is getting daily briefings on coronavirus
Says it is still too soon tell the impact of coronavirus on the U.S. economy
Financial stability risks in U.S. are moderate
Reliance on repo operations will recede

Before the bell: S&P futures -0.27%, NASDAQ futures -0.34%

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