Fed vice chairman Clarida: It will take longer for full employment to return

Market news

14 October 2020

Fed vice chairman Clarida: It will take longer for full employment to return

Economic data since May "surprisingly strong" though the outlook remains uncertain and dependent on the virus and successful mitigation efforts
Service sector lags but rebound otherwise is broad across types of consumption goods, housing and investment
New framework elevates the importance of keeping inflation expectations well-anchored at 2%
Maximum employment may well be lower than we thought

Inflation is likely to pick up again in 2021 - Natixis

U.S. Stocks open: Dow +0.13%, Nasdaq +0.09%, S&P +0.08%

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