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Federal Reserve Bank of Richmond President Thomas Barkin remarks being reported. He is sounding vague on moves lower for Fed Funds rates:
  • hope to eventually bring interest rates back to normal
  • a lot of frenzy has been taken out of the housing market
  • seeing banks pull back credit, a not-unexpected outcome

USD barely changed on these remarks.

            This article was written by Eamonn Sheridan at www.forexlive.com.

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