Fed’s Bostic: Fair to say that the Fed is willing to overshoot
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Atlanta Federal Reserve bank president Raphael Bostic said on Monday that it is ”fair to say that the Fed is willing to overshoot.”
The US Dollar was at a 7-month low, last down 0.83% at 103.05. The index, which measures the greenback against six major currencies, tumbled 1.15% on Friday as investors moved into riskier assets following a mixed labour market report and dismal US PMIs.
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