Chicago Fed President Charles Evans: the Fed should be cautious in raising its interest rate further

Market news

7 April 2016

Chicago Fed President Charles Evans: the Fed should be cautious in raising its interest rate further

Chicago Fed President Charles Evans said on Thursday that the Fed should be cautious in raising its interest rate further.

"It's best to be proactive and keep inflation closer to target," he noted.

Evans pointed out the Fed will discuss Britain's vote on the membership in the European Union at its monetary meeting.

Evans is not a voting member of the Federal Open Market Committee (FOMC) this year.

Gold prices rose significantly

Ai Group/HIA Australian Performance of Construction Index is down to 45.2 in March

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