Boston Fed president Eric Rosengren is speaking to CNBC
- Growth expected around 3%
- Inflation is one of the reasons not to hike rates as quickly
- The economy is doing 'very well'
Well, we'll get more hints of those inflationary pressures to come with the wages component due from the US jobs report. The Fed is still reiterating the belief that 2019 will see more rate hikes to come but there will be more questions being posed not only about inflation but also the yield curve as we close out the year.
There's some hints of dollar positioning now ahead of the payrolls release with the dollar strengthening notably against the euro and sterling with EUR/USD now down to 1.1611 after having touched 1.1600 a little while ago. GBP/USD is also lower but that owes more to a bit of a retracement in the pound's earlier gains, now down to 1.2985.
