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Fed’s Kashkari: I’m worried about layoffs but not seeing them yet

  • I’m worried that with the uncertainty, businesses will do layoffs
  • Not seeing an uptick in layoffs yet
  • Some businesses say they are scenario planning for potential layoffs if uncertainty lasts
  • A resolution of trade frictions would relieve uncertainty, would be optimistic

This is really just thinking out loud. The market is pricing in a 66% chance of a cut at the June 18 FOMC.

This article was written by Adam Button at www.forexlive.com.

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