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.