Richmond Fed president Barkin: Fed will need to continue to provide significant, sustained support - WSJ

Market news

2 September 2020

Richmond Fed president Barkin: Fed will need to continue to provide significant, sustained support - WSJ

Economy faces a slowing labour market recovery
Coronavirus pandemic has proven harder to contain than expected
Labour market recovery has been slower than anticipated
Expects employment growth to lag behind spending
Says keeping rates lower for longer could invite 'risky' behaviour in markets
But now isn't the time to worry about those hazards

EUR/GBP to surge towards 0.92 as Brexit is back - Rabobank

USD/CNH: Near-term consolidation seems likely – UOB

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