Business Recorder: Dollar slammed by weak US growth data; Fed holds steady

Posted On: May 02, 2014

From Business Recorder:

The US economy picked up recently after adverse weather played a role in slowing it down, the Fed said. "On the one hand they were upbeat about the prospects for the economy but that inflation remains a concern. All in all the Fed remains on a steady path to wind down bond buying, but questions still remain on when the economy might be healthy enough endure a rate hike," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington, DC.

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Category: Media Coverage


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