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Fed's Harker: Economy is in good shape

The US economy is in good shape and the growth rate is expected to return to the trend of about 2% in 2020, Philadelphia Federal Reserve Bank President Patrick Harker said on Wednesday. 

"Friday’s employment report showed the labor market began 2020 on the same positive trend it showed through 2019," Harker added. The health of the labor market, especially when it comes to paychecks, is key to my economic outlook since consumer spending accounts for about 70% of the US economy."

Harker refrained from commenting on the policy outlook in his prepared remarks.

USD stays calm

The US Dollar Index hasn't reacted to these comments and was last seen at 98.75, where it was virtually unchanged on the day.

USD/CAD Price Analysis: Slides to over 1-week lows, dip-buying might help limit losses

The USD/CAD pair continued losing ground through the mid-European session on Wednesday and dropped to over one-week lows in the last hour. Sustained w
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Russia Budget Fulfilment dipped from previous 1.8% to -2% in January

Russia Budget Fulfilment dipped from previous 1.8% to -2% in January
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