Dallas Fed head Kaplan speaking at a conference in San Antonio 1 Dec
Will help? Hasn't he checked his screens in the past 24 hours?
I wonder how much further he thinks they can go? Not that I would trade on his recco of course. Just curious.
- Dallas Fed optimistic that recession isn't around the corner
Relax everyone. It's all gonna be ok!
- household deleveraging has led to sluggish GDP
On the other hand, just hold those Palominos for the moment.
- US moving toward full employment
- GDP sluggish but enough to take slack from labour market
- we think inflation is heading toward 2%
More forward "thinking" from a CB aka sticking a wet finger in the air.
Meanwhile EURUSD heading ever closer to 1.0600 and this time dragging GBPUSD down to 1.2663 as USD demand generally prevails.