Minneapolis Federal Reserve Bank President Neel Kashkari caused a stir Tuesday.
Fed cachekari: there is no rush to lower interest rates
Fed Cachekari: Wage growth remains fairly robust relative to 2% target
What K actually said was a topic of discussion, Adam clarified the relevant point in a tweet, so I thought I’d share it:
The fact that K felt he had to say something about it is significant, but overall it’s a low-key comment.
With USD/JPY back above 157.00, I imagine there is a lot of gnashing of teeth this morning in Japan. Expect at least some verbal intervention today.
This article was written by Eamonn Sheridan at www.forexlive.com.
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