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Fed's Evans wants FOMC to wait until mid-2016 for rate hike
Comments from the main Fed dove: • Hurdle is high for him to be convinced he should support earlier hike • Does not hurt to wait longer to hike • Sees US GDP growing 2.0% this year, 2.75% in 2016 and 2.5% in 2017 • Growth outlook depends on keeping rates low until mid-2016 • Sees unemployment at 5.3% or lower at year-end • Core PCE inflation seen at 1.5% at end of 2016 • Concerned that inflation expectations not as solid as some think • Still a ways to go on labor market slack • Need more confidence on rising inflation • When Fed hikes, no one will be surprised Evans is a super-dove so his ... (full story)
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- Jul 9, 2015 2:42pm Jul 9, 2015 2:42pm
- glenngie
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JeefKeef
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