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Fed’s Evans Repeats Call for ‘Shallow’ U.S. Rate Hikes

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A top Federal Reserve policymaker on Tuesday repeated his call for just two U.S. interest-rate hikes this year, saying that the risks to his forecast for economic growth are weighted to the downside.

“A very shallow funds rate path, such as the one envisioned by the median FOMC participant, is appropriate,” Chicago Fed President Charles Evans said in remarks prepared for delivery in Hong Kong.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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