Fed should be patient in removing QE, raising rates: Fed’s Evans

(Reuters) – The Federal Reserve should be “exceptionally patient” in removing monetary policy accommodation, delaying interest-rate hikes until it is confident the U.S. economy can withstand them and only raising rates slowly once it starts, a top Fed official said on Monday…

Fed’s Evans sees rate hike in 2015-16, says it will depend largely on inflation outlook

(Reuters) – The timing of any rise in U.S. interest rates will depend to a large extent on the outlook for inflation, which remains below target, meaning a hike may not come until next year or even 2016, Chicago Fed President Charles Evans said on Monday…

Fed’s Evans says there is real risk that Fed could withdraw stimulus too soon

(Reuters) – There is a real risk that the Federal Reserve could close the tap for monetary stimulus too quickly, a top official at the U.S. central bank said on Tuesday. “One of the big risks is that we withdraw our accommodative policies prematurely,” Charles Evans, president of the Federal Reserve Bank of Chicago…

Daily Forex Market Review 03/28/14 (+50 pips)

Today’s Trade Result: +50 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Fed’s Evans: Interest rates will not increase before mid-2015

(Reuters) – The U.S. Federal Reserve will need to keep rates at rock bottom until late 2015 and then increase them only moderately over the next year because it would otherwise risk derailing a building economic recovery, a top Fed official said on Friday…

Daily Forex Market Review 10/21/13 (+40 pips)

Today’s Trade Result: +40 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Fed Evans: It will be ‘tough’ for Fed to start tapering by December

(Reuters) – It will be “tough” for the Federal Reserve to have sufficient confidence in the strength of the U.S. recovery by its meeting in December to start scaling back…

Fed needs more economic data before tapering: Fed Evans

(Reuters) – The Federal Reserve will likely defer any decision to trim its massive bond buys until at least December, two top Fed officials suggested on Thursday…

Fed doves stick by stimulus, Fed Evans has optimistic outlook

(Reuters) – A handful of Federal Reserve policy doves on Tuesday showed no sign they were prepared to dial down the central bank’s extraordinary accommodation any time soon, even though one gave a highly optimistic outlook that the economy will turn the corner next year…

Top 10 Weekly Forex Market Headlines – 01.18.2013

1. Fed Evans expects US economy to grow 2.5%, unemployment at 7.4% in 2013 Jan. 14, The U.S. economy is expected to grow by 2.5 percent in 2013, improving to 3.5 percent growth in 2014, Chicago Fed President Charles Evans said at the Asian Financial Forum in Hong Kong. Evans also forecast the U.S. unemployment […]

Fed Evans expects US economy to grow 2.5%, unemployment at 7.4% in 2013

(Reuters) – The U.S. economy is expected to grow by 2.5 percent in 2013, improving to 3.5 percent growth in 2014, Chicago Fed President Charles Evans said at the Asian Financial Forum in Hong Kong. Evans also forecast the U.S. unemployment rate would be 7.4 percent this year…

Fed QE3 To Increase To $85B By Year End – Chicago Fed Evans

(US) Fed’s Evans (FOMC alternate, dove): This was the right time to act, the Fed QE3 is making modest, safe policy moves. Timid policy moves would only prolong economic problems. Without Fed stimulus, the economy would be worse. Fears of Fed-fueled inflation are consistently wrong. US economy faces significant risk the global economy will weaken, plus […]

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