Fed's George: Seeing risks building of double-dip recession

Eren Sengezer FXStreet

"The recession that began in February could revisit the US economy if the coronavirus pandemic intensifies," Kansas City Federal Reserve Bank President Esther George told CNBC on Wednesday.

George further noted that she sees risks building of a "double-dip recession."

Market reaction

These remarks don't seem to be having a significant impact on market sentiment. As of writing, S&P 500 futures were virtually unchanged on a daily basis at 3,443. Meanwhile, the US Dollar Index clings to small daily gains near 93.10 ahead of Durable Goods Orders data from the US.

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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