Dallas Fed President Suggest US Rates Will Rise Soon

The Federal Reserve is on track to raise U.S. interest rates soon, Dallas Fed Bank President Robert Kaplan suggested on Monday.

“I think you’ll see us in the near future remove some accommodation,” Kaplan said, adding that rate increases will need to be gradual because expectations for global growth are low. The Fed next meets in December.

Since Republican Donald Trump was elected U.S. president last week, the 10-year Treasury yield has risen, a situation that could give the Fed more room to maneuver, Kaplan said.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza