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Fed's Kaplan: Confident US inflation will rise to 2% by end of 2017

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - Robert Kaplan, the new head of the Dallas Federal Reserve Bank, and a non-voted, in a speech to the Dallas chapters of Financial Executives International, said he is confident US inflation will rise to 2% by end of 2017.

    Key headlines

    Says he supported the Federal Reserve's December interest rate hikes

    Says there are costs to keeping policy easy for too long

    He expects more bouts of financial market volatility

    Sees US GDP growing 2 pct to 2.5 pct in 2016

    Expects US job growth to drive down jobless rate in 2016

    Confident US inflation will rise to 2 pct by end of 2017

    China's growth likely to slow, creating potential headwind to US, global economies

    Global excess oil inventories likely won't fall until 2017

    Prospect of oil exports from iran adds uncertainty, hurts prices

    US oil production declines have been slow to materialize

    Expects continued low oil prices, volatility
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