Fed's Kaplan says case for rate hike is strengthening
- Oil steady around $50 on doubts over OPEC output cuts
- lululemon athletica (LULU) Tops Q3 EPS by 4c; Adj.-Comps Outpaced Views
- Costco Wholesale (COST) Tops Q1 EPS by 5c; Comps Up 1%, 2% Ex-Gas
- Universal Health (UHS) Disputes and Denies Conclusions in BuzzFeed Article
- Perrigo (PRGO) to Restructure BCH Omega Pharma Belgium Business; Will Terminate EuroGenerics Agreement
New home construction continues in Carlsbad, California June 24, 2008. REUTERS/Mike Blake
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
MEXICO CITY (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan on Friday said he believes there is increasing reason to raise U.S. interest rates, though he declined to say when the next rate hike should take place.
"I think the case for removing some accommodation is strengthening," Kaplan said after a speech to the Asociación de Bancos de Mexico, adding that he believes the path of rate hikes will be shallow. Asked about the impact of the U.S. presidential election on the economy, he declined to comment.
(Reporting by Michael O'Boyle, writing by Ann Saphir; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- China imposes hefty fines for fake or harmful news in Xinjiang
- Poll: OPEC deal will pack little punch in raising oil prices
- French ex-minister who fought tax evasion jailed for tax fraud
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!