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Fed's Clarida: Economy is "at or close to" Fed's twin goals

 In a prepared speech delivered on Monday, Fed Vice Chair Richard Clarida said that the economy was "at or close to" the Fed's dual mandate, maximum employment and price stability, and reiterated that the inflation was running close to their objective of 2%. 

With markets staying focused on the U.S.-China trade conflict, Clarida's remarks were largely ignored by the participants and the US Dollar Index was last down 0.25% on the day at 97.08.

NZD/USD flat-lined below 0.6600 mark, focus remains on US-China trade developments

• Escalating US-China trade tensions continue to weigh on perceived riskier currencies. • Declining US bond yields undermine USD demand and seemed to
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CME Group FedWatch: 30% probability of rates staying unchanged in December

According to the CME Group FedWatch Tool, markets are now pricing a 42.4% probability of a 25 bps Fed rate cut in December vs 39% last week. According
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