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
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.
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