Fed’s Kaplan: Good base case is 3 rate hikes

Dallas Fed President Robert Kaplan crossed the news wires in the last hour, saying that the good base case for the Fed was 3 rate hikes in 2018.

Key quotes (via LiveSquawk)

Urges vigilance on risk of overheating.

Fed risks having to play ‘catch-up’.

Sees inverted yields curve as a good indicator of recession.