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What's this? Leading Fed dove sounding hawkish

Published 02/02/2018, 09:08 AM
© Reuters.  What's this? Leading Fed dove sounding hawkish
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  • Appearing on CNBC amid the release of the January jobs numbers, Minneapolis Fed President Neel Kashkari says the report showed perky wage growth (2.9% Y/Y).
  • If that were to continue, says Kashkari, it could impact rates.
  • While Kashkari isn't a FOMC voter this year, his comments are of particular import given his status one of the more dovish members. He dissented from at least one decision to hike rates last year.
  • Fed Funds futures are about fully pricing in three rate hikes this year. That could end up being light.
  • Previously: Yield surge continues after inline jobs report (Feb. 2)
  • ETFs: IEF, PST, IEI, VGIT, UST, DTYS, TYO, GSY, SCHR, TBX, TYD, ITE, DTYL, HYDD, DFVL, TYNS, DFVS
  • Now read: Miller On Bonds


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