Chicago FED president Evans

Marketsforu

In much the same vein as Lockhart earlier, FOMC voting member Charles Evans made remarks similar to a previous speech giving no new clues to the path for future monetary policy. 


He repeated that "inflation headwinds may not fade before mid-2016" and "the timing of hikes less important than to keep a slow pace of hikes". Nothing here appears to be market moving.


The Dollar index is down 0.06% as the Greenback appears to have put a halt, at least temporarily, to the large losses against many of it’s major currency pairs suffered last week. Gold, which is often viewed as a proxy for US Dollar strength, has experienced some selling this afternoon after recent large gains.