US Market Update – Video Analysis

US Market Update – The US Dollar picked up earlier due to Fed’s Dudley bullish speech.  NY Fed dove Dudley is generally pleased with the U.S. economy, but noted that U.S. growth is a “position story,” but not well distributed across the economy. He sees jobs growing, while unemployment and inflation levels are a “pretty good place to be,” and wages and inflation should pick up. He’s “very confident that there’s quite a long ways to go” in this economic expansion. Overall, he sounds relatively bullish on the outlook and sees the U.S. reaching 3% wage growth over the next year or two.

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Stuart Cowell

Senior Market Analyst


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