Fmr. Minneapolis Fed Pres.: Slower Economic Growth Ahead

Former Minneapolis Fed President Gary Stern said a policy change at the upcoming Federal Reserve meeting is unlikely and flagged the prospect of slower economic growth ahead. Expect market participants to price in steady Fed policy near-term and increased downside risk to growth-sensitive assets if the slowdown materializes.

Analysis

Former Minneapolis Fed President Gary Stern said a policy change at the upcoming Federal Reserve meeting is unlikely and flagged the prospect of slower economic growth ahead. Expect market participants to price in steady Fed policy near-term and increased downside risk to growth-sensitive assets if the slowdown materializes.