While you were sleeping: Fed sees transitory weakness

Wed, 03 May 2017

By Margreet Dietz May 4 (BusinessDesk) - The US dollar strengthened while Wall Street pared losses after Federal Reserve policy makers said they expect the recent slowdown in economic growth to be “transitory.” “The committee views the slowing in growth during the first quarter as likely to be transitory and continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, labour market conditions will strengthen somewhat further, and inflation will stabilise around 2 pe...

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