Robert Kaplan, president of the Federal Reserve Bank of Dallas, on Thursday noted that he doesn't expect to see a recession in 2020 despite the sluggish growth while adding that he thinks the economy will grow a little more than 2% in 2019.
"The consumer is in pretty good shape," Kaplan stated and said the record amount of the US corporate debt is worrying.
The US Dollar Index ignored these comments and was last down 0.15% on a daily basis at 98.17.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.