News Headline Summary

Fed's Lacker says expects deal to avert fiscal cliff

Says:

- Cliff uncertainty sidelining investors.
- Fiscal sustainability makes Fed's job easier.
- Economy growing around 2% annually.
- Sees moderate growth ahead.

Reaction details (15:59)

- EUR/USD unmoved by his comments, trades 1.2782 (-30pips) last.

Analysis details (15:58)

- Of note, he is a voting hawk and the renowned dissenter on the FOMC.

19 Nov 2012 - 15:54 - Fixed Income Bank Speaker - Source: Newswires

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