Source: Atlanta Fed

Dennis P. Lockhart
President and Chief Executive Officer
Federal Reserve Bank of Atlanta

From yesterday’s intervention:

1) Lockhart forecasts a modest U.S. recovery:

Looking ahead, the central question for the United States is how strong the recovery will be and how long it will take to reduce unemployment.

Views about the…

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Key points:

1) economic activity has continued to strengthen and that the labor market is stabilizing.

2) housing starts have been flat at a depressed level,

3) The same language about rates: ‘ exceptionally low levels ‘

Link to the full statement

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EurUsd starts the european trading at resistance levels – 1.3705. Next resistances seen at 1.3735 and 1.3790. Supports levels at 1.3670 and 1.3615.

euro dollar

Reports from the twelve Federal Reserve Districts indicated that economic conditions continued to expand since the last report, although severe snowstorms in early February held back activity in several Districts. Nine Districts reported that economic activity improved, but in most cases the increases were modest. Overall conditions were described as mixed in the Atlanta and St. Louis Districts, though St. Louis noted further signs of improvement in some areas. Richmond…

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