Fed's Harker: Record-long expansion continues

Eren Sengezer FXStreet

In his prepared remarks on 'neuroeconomics', Federal Reserve Bank of Philadelphia President Patrick Harker refrained from commenting on the Federal Reserve's monetary policy outlook.

Regarding the US' economic performance, Harker said 'far more' economic variables appear "uncertain or unruly," but added that the record-long expansion was expected to continue.

Markets largely ignored Harker's comments and the US Dollar Index, which tracks the dollar's value against a basket of six major currencies, was last up 0.3% on the day at 97.70.

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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