Fed's Evans says 'fine' with December hike if data stays firm
- Wall St. set to rise ahead of Trump inauguration
- General Electric (GE) Reports In-Line Q4 EPS
- Procter & Gamble (PG) Tops Q2 EPS by 2c
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Pre-Open Stock Movers 01/20: (SWKS) (EMES) (CF) Higher; (PSTI) (AFMD) (BMY) Lower (more...)
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
AUCKLAND (Reuters) - Chicago Federal Reserve Bank President Charles Evans said on Tuesday he would be "fine" with raising U.S. interest rates by year end if U.S. economic data continued to come in firm, though any further moves would need to see inflation moving higher.
Speaking to reporters after a speech in New Zealand, Evans said any hike would likely come at the Fed's December policy meeting, though he would not rule out a move as early as the November meeting.
Evans emphasized that the timing of the next hike was less important than how tightening was conducted beyond that, and he would want to see inflation actually moving up and unemployment falling further.
(Reporting by Wayne Cole; Editing by Shri Navaratnam)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Investment Focus: History suggests Trump month will be stocks down, dollar up
- India pressed ahead with banknote ban despite central bank concerns
- World trade chief warns against 'talking ourselves into a crisis'
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!