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

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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 has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. 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