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Fed’s Clarida: The Federal Reserve's Review of MP Strategy, Tools, And Communication Practices – Full Speech

Richard Clarida is Vice Chair of the Board of Governors of the Federal Reserve System and is saying the following:

  • Economy at or near inflation and employment goals.
  • Any plan targeting average inflation would need to be a credible one.
  • Policy review will take the 2% inflation target as a given.
  • Plausible that NAIRU is at or below the current unemployment rate.
  • Inflation is running close to our 2% objective.

Speaking with Q&A to follow. 

Full speech

United Kingdom BRC Like-For-Like Retail Sales (YoY) declined to -1.1% in March from previous -0.1%

United Kingdom BRC Like-For-Like Retail Sales (YoY) declined to -1.1% in March from previous -0.1%
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South Korea Unemployment Rate came in at 3.8%, below expectations (3.9%) in March

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