Charles Evans, head of the Chicago Federal Reserve speaking in NY to media
- He says its worth waiting until the end of the year to assess on another rate hike
- Sees inflation struggling to reach 2% based on recent data
- Wants to see signs of inflation moving up, not just stabilising
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Plenty from Evans today so far:
- More from Fed's Evans - downplays current inflation softening
- More from Fed's Evans - says he didn't dissent at FOMC b/c economy
- Fed's Evans: need very gradual hikes, slow reductions in b/s
Through it all the FX has been relatively quiet, some minor wiggles only. USD/JPY a wee bit higher though, through its overnight high (USD/CHF also). EUR/USD is nudging its overnight low, update:
