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Eyes on U.S. economy, Fed likely unmoved by China devaluation
China's currency devaluation on Tuesday is unlikely to distract the U.S. Federal Reserve from a domestic economy that appears increasingly ready for higher interest rates. The U.S. central bank will hope that the surprise move is not the beginning of a series of competitive devaluations that could send the dollar much higher than its slight rise on Tuesday, weakening already soft U.S. inflation, economists and Fed watchers said. But as it considers whether to lift rates as soon as next month, the Fed's key focus is the growing durability of the U.S. labor market. Fed policymakers could even see China's devaluation as ... (full story)
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- Aug 12, 2015 3:34am Aug 12, 2015 3:34am
- Ojiego
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- SickOfScam
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perhaps my English is not perfect - but I know the Jungle
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- mrfx1990
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Forget the name!!! play the game!!!