Recent swings in long-term U.S. money market rates are part of their adjustments to structural changes post-financial crisis in addition to the Federal Reserve`s current normalization of monetary policy, the New York Federal Reserve Bank`s top markets official said in prepared remarks to be delivered on Saturday in Manila.
"I view fluctuations in term money market rates of the magnitudes seen recently as normal parts of market functioning during a period of structural change," the New York Federal Reserve`s Markets Chief Simon Potter said in a prepared speech delivered at the executives’ meeting of East Asia-Pacific Central Banks Governors’ meeting.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
India poised to become world's 3rd largest economy by 2030: S&P Global
Japan Q3 GDP seen contracting at slower pace on capex