Is Data Strong Enough to Withstand a Fed Rate Hike?
Federal Reserve Bank of Chicago President Charles Evans said an interest-rate increase could be warranted this year as the economy picks up steam, even though he’s still worried that inflation is too low. “I do think that perhaps one rate increase could be appropriate this year,” Evans told reporters Wednesday during a media briefing at the Chicago Fed. “At some point, you always make your judgment as to, well, this is close enough in line with what I think the appropriate policy is,” he said of a hypothetical Federal Open Market Committee decision later this year to raise rates. Swissquote Head of Market Strategy Peter Rosenstreich discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."