Fed, Kaplan: Case for hiking rates 'strengthening'

Market news

25 August 2016

Fed, Kaplan: Case for hiking rates 'strengthening'

Bond market predominantly driven by global search for yield
We are making progress on employment, slow progress on inflation
Case for hiking rates 'strengthening'
Hesitant to raise Fed's 2% inflation target
Debate about Fed monetary policy and targets is 'healthy'
Liquidity is fundamental force driving bond market
Case for removing accommodation in strengthening

Weakest rise in US services activity since February - Markit

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