Fed’s Fisher sees subpar growth ahead

It will be a while before the US economy resumes robust growth, the Fed’s Fisher says.Growth will be subpar for some time ahead, he says.

Markets are all going their own way this afternoon. Oil has bounced strongly from $71.20 low, trading now at 72.30. Gold slipped below $1100, trading down to $1098.50 before rebounding, while EUR/USD continues to recover after establishing a fresh low at 1.4305. It trades now at 1.4343.