Fed's Daly: Inflation is subdued in part because of global factors

Inflation in the US is subdued in part because of global factors and it should reach a sustainable 2% in 2021, San Francisco Fed President Mary Daly argued on Wednesday.

Daly further noted that she expects the Gross Domestic Product (GDP) to expand by 2% and unemployment to stay steady in 2020.

These comments don't seem to be having a noticeable impact on the greenback's performance. As of writing, the US Dollar Index was down 0.2% on the day at 97.20.

Jan 15, 2020

China: Slowdown remains orderly – Wells Fargo

Analysts at Wells Fargo point out the global economy continues to sputter along, neither accelerating into a rebound nor decelerating into a recession

Fed's Harker: We're in a good place with rates

Philadelphia Federal Reserve Bank President Patrick Harker argued that the Fed does not need to take rates lower right now because of some concerns ab