Speaking to Reporters : –
Fed’s Evans speaks to reporters and his comments are a bit hawkish:
✅ economy generating inflation close to Feds 2% goal
✅ sees Fed becoming restrictive in 2020 but could be 2019
✅ trade tariffs adding some uncertainty
✅ modestly restrictive effect policy may be warranted
✅ economic fundamentals strong, labor market still improving
✅ sees one or 2 more rate increases in 2018
✅ business confidence following tax cuts and deregulation are being offset by uncertainty from trade and tariffs
✅ debate over whether to pause or continue higher into restrictive policy to intensify next year as Fed approaches neutral interest rate
The EURUSD has moved to new session lows. The USDJPY is rebounding a bit after his comments. – Gold Silver Reports (GSR)
