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The US Federal Reserve Will Achieve Inflation Targets In The Next Two Years.

2017/1/8 20:51:00 21

FedInflationUS Dollar Exchange Rate

In addition to the surprises brought by non-agricultural businesses, the US dollar gained a lot of good news on Friday. This year's fed fed dove officials unexpectedly rebelled. It was not unreasonable to raise interest rates two to three times this year.

Boosted by his speech, the US dollar index rose to 102.30.

In addition, the Dow Jones index was once close to the twenty thousand point mark, which was only a little below the threshold.

"I still believe that the two increase in interest rates is not unreasonable expectation.

But it will depend on how the data are deployed. If it is slightly stronger, the three increase in interest rates is not unbelievable, "Evans said.

Evans is one of the members who have the right to vote this year.

Evans said that the next time the Fed raised interest rates in March or mid year depends on data performance and the Trump administration's policy.

He expressed optimism about the growth of the US economy.

inflation

The target of hitting 2% in 2018 will have confidence in inflation expectations.

He expects GDP to grow by 2-2.5% in 2017, and the unemployment rate will fall further.

He also pointed out that wage growth is a "good thing" and hopes to see a bigger increase.

He said that his recent economic projections included consideration of some fiscal stimulus measures.

Evans in

American economy

At the annual meeting of the association, a speech also said that the risk of downloading remained because of weak global growth and huge uncertainty.

He said that although he was hopeful that the non monetary policymakers could boost growth, if they failed to make structural improvements in productivity at the same time of boosting growth, they could lead to inflation.

Evans's unexpected turnover, coupled with the US non farm employment report released earlier in the day, shows that the annual salary growth rate has reached the highest level since 2009.

Federal Reserve

The decline since the announcement of the meeting minutes.

In the afternoon of the US market, the US dollar index rose to 102.30, and the US dollar / yen broke through the 117 barrier, breaking up to 117.18 and increasing to over 1.5%. The US dollar / Swiss Franc touched 1.0177.

Besides the US fingers, the rise of US stocks is also very significant.

The US Dow Jones index is only 0.37 points from the 20000 point mark, and has now set a record high.

In addition, other Fed officials' speech during the day also revealed an optimistic tone.

Haq, chairman of the Philadelphia Federal Reserve, also said that the three increase in interest rates in 2017 was appropriate, and the rate of increase in 2017 should also be changed.

Data released by the US labor department (DOL) on Friday (January 6th) showed that the number of non farm workers in the United States increased by 156 thousand in December, 175 thousand less than the market expectations, and the unemployment rate rose to 4.7% in December.

However, the annual rate of hourly pay rose by 2.9%, the biggest growth since 2009, and has become the biggest highlight in this employment report.

Kaplan, chairman of the Dallas fed, said that we are making progress in achieving the goals of employment and inflation. The higher interest rate in 2017 will be appropriate and the neutral interest rate is expected to go further.

Cleveland Fed chairman Meister said earlier that the non-agricultural report was good in December. The US is basically in full employment. It is reasonable to raise interest rates 3 times in 2017. It is not considered that inflation will be a huge risk. The Federal Reserve will achieve inflation targets in the next two years.

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