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Friday, July 01, 2016

US Fed's Fischer says they're watching markets closely and preparing for July FOMC meeting

  • will have better idea of conditions by July FOMC meeting
  • hard to predict USD but Fed takes it into account
  • Fed's primary goal is to do right for US economy
  • Brexit probably less important for US than others
  • Fed has no plans to move into negative territory
  • will try to avoid ever getting to negative rates
Try to avoid? Hardly reassuring. What price US rate cut this month?

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