Fed's Quarles says gradual U.S. interest rate increases 'appropriate'

Market news

22 February 2018

Fed's Quarles says gradual U.S. interest rate increases 'appropriate'

Recent volatility in equity markets shows asset prices can move rapidly, unexpectedly
Recent U.S. tax, fiscal policy could help sustain economy's momentum
Investment drought that has afflicted U.S. economy may be breaking
Soft inflation likely transitory, 'does not cause me great concern'

Eurostoxx 50 futures down 1 pct, DAX futures down 0.9 pct, CAC 40 futures down 0.8 pct, FTSE futures down 0.8 pct, IBEX futures down 0.7 pct

Fed's Kashkari says not clear how much of a long-term difference tax cut will make

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