Fed’s Charles Evans the next kid on the soap box

  • Fed needs clear signs of upward wage pressures before next hike
  • Is concerned inflation expectations are quite low
  • There’s little in recent data to suggest inflation will soon rise to 2%
  • Economy is close to full employment
  • Should maintain accommodation until inflation is on a sustainable path to 2%

Happy to hike but not just yet. There’s a bounce in  USDJPY but that’s on the back of some snap back from yen buying.

Ryan Littlestone

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