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Fed's Brainard: Global financial-market stress, possible channels to US an important consideration for monpol
Additional headlines are crossing the wires from the Fed Governor Lael Brainard, with key points, via Reuters, found below.
- Rising oil prices seen taking some disposable income away from U.S. consumers; yet U.S. drilling and mining sectors getting a boost.
- Global financial-market stress, possible channels to U.S. an important consideration for monetary policy.
- Valuations still pretty elevated in equity, credit markets; leverage up among riskier corporates but not in financial sector.
- Conditions not yet risky enough to raise countercyclical capital buffer for U.S. banks
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
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