Back

Fed's Evans: Slightly restrictive Fed policy makes sense

Chicago Fed President Charles Evans is now crossing the wires as he answers questions in an interview with CNBC. 

Key quotes (via Reuters)

  • US economy is strong, time to adjust policy stance at least neutral.
  • I’m not worried about inflation.
  • Slightly restrictive Fed policy makes sense.
  • Slightly ‘restrictive’ may mean 50bps above neutral.
  • Economic growth is above trend.
  • Inflation could go to 2.2%-2.3%.
  • Jobless rate heading to 3.5%, hence needs to be above neutral.
  • Questioning of rate hikes is fair.

GBP/USD Technical Analysis: Cable retreating from weekly highs and breaking below 1.3200 figure

GBP/USD 4-hour chart  Spot rate:                         1.3182 Relative change:             -0.39%      High:                                1.3
Mehr darüber lesen Previous

USD/CAD keeps the red but continues to find support near 1.30 handle

   •  Bullish oil prices underpin Loonie and exert some pressure for the second straight session.    •  The downtick seemed unaffected by a goodish U
Mehr darüber lesen Next