Fed’s Kaplan: 3 rate hikes still the base case for 2018

Speaking in Frankfurt, Germany, Dallas Fed President Robert Kaplan said that 2018 will be a strong year for the US economy and 3 rate hikes remains the base case scenario.

Additional headlines:

   •  Expects headline unemployment to dip below 4%
   •  Expects stronger business spending in the US
   •  Sees slower growth in 2019 and 2020
   •  3 rate hikes still the base case for 2018
   •  Believes accommodation should be removed patiently, gradually
   •  Sees further labour-market tightening in 2018
   •  Must avoid market imbalances building up
   •  Market volatility will not in itself cause a change in my views
   •  Highly vigilant about market volatility
   •  No spillovers from market rout for now