....but limited by globalization, technology
The Fed's Kaplan is on the wires saying,
- Inflation pressures are building on back of tariffs, oil and a hot labor market
- US inflation forces limited by globalization, technology
- Repeats comfortable, gradual and patiently raising rates at least until June 2019
- Now "later" in US economic cycle; A risk that government is taking on more leverage
- we've got room to run in this economic cycle
- don't know yet if that should hike rates passed neutral
- comfortable raising rates 3 times from now to June
- says that he is watching Argentina, Turkey
- Watching energy markets. Higher energy prices are impacting consumers
The USDJPY has moved up a touch off comments, but is still below the session highs at 113.387. The pair currently trades at 113.28. The North American low came in at 113.108.
