Speech at the ECC in Chicago on 06.04.2018

  • Many indicators point to labor market being close to full employment; a few others suggest some slack left
  • Moderate wage gains show job market is not excessively tight
  • Risks to economic outlook are roughly balanced
  • Does not mention trade issues in economic outlook
  • 12 month inflation readings should move up notably this spring-
  • Gradual hike approach has reduced risk for economy; patient approach has paid dividends
  •  Balance Sheet Reduction Is Going Smoothly And Will Gradually Tighten Financial Conditions
  • Fed’s Gradual Rate Hike Approach Has Reduced Risks For The Economy
  • The link to the speech

There will be a Q&A coming up after lecture of his speech. In the meantime the market remains calm and collected, it’s a pretty lengthy speech , digestion needed

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