Fed Evans: Economy strong enough to justify raising rates twice this year – Deutsche Bank

Research Team at Deutsche Bank, notes that the Fed’s Evans yesterday mentioned that he expects the US economy to be strong enough to justify raising rates twice this year.

Key Quotes

“Evans did come across as a little more cautious with regards to his views on inflation saying specifically that he was a ‘bit uneasy’ on hitting the 2% target. The Fed President also said that ‘it is too early to tell whether the recent firmer readings in the inflation data will last or prove to be temporary volatility and reverse in coming months’, while also signaling that is important for the Fed to take the recent decline in inflation expectations, as perceived by the market, seriously.”

Research Team at Deutsche Bank, notes that the Fed’s Evans yesterday mentioned that he expects the US economy to be strong enough to justify raising rates twice this year.

(Market News Provided by FXstreet)

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