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Fed's Bostic: Open minded about December rate increase

The Atlanta Federal Reserve Bank’s new president, Raphael Bostic, is delivering his first official speech, with key quotes, via Reuters, found below: 

  • Even after hurricanes, above 2% GDP expectation is reasonable
  • Pace of job creation in the US remains strong
  • Not overly concerned about asset price bubbles
  • Want"clear evidence" inflation is rising to Fed's 2 percent target
  • Attributes recent low inflation to remaining weakness in labor market, sign recovery is continuing
  • Weak wages also a sign that slack remains in the labor market
  • Do not regard monetary policy as "too loose" for current economic conditions or that it is feeding asset bubbles

USD/CAD eases below 1.24 as WTI recovers to $52, Yellen eyed

After refreshing its 20-day peak at 1.2405 in the early trading hours of the NA session, the USD/CAD pair struggled to extend its upside and started t
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Yellen crossing the wires (dollar strength) "Uncertainties strengthen case for gradual rate hikes" - RTR

Yellen is crossing the wires and comments so far as follows, (that are centralist/dovish . . .but seeing some dollar strength): -          Gradual
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