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Fed's Kocherlakota: This nation needs more inflation

FXStreet (Bali) - US Fed's Kocherlakota crossed the wires, via Reuters, saying that the US needs more inflation.

Additional headlines

US inflation is below fed's 2-pct target

Inflation staying below 2 pct until 2018

Below-target inflation shows u.s. is not using its resources

Policymakers must realize challenges today are different from those of inflationary 1970s

Fed's Powell keeps providing hawkish clues

Fed's Powell has been providing yet more clues about the potential hawkish shift we may be about to see in the Fed, by saying that "significant parts of the FOMC statement need to change", suggesting that a rhetoric towards tighter policies might start to be strongly considered.
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EUR/USD: London session may see breakout of 1.29 - 2ndSkies

Chris Capre, Founder at 2ndSkies, suspects that after the breakout of 1.30/31 level in EUR/USD, the hours the rate may be maintained above 1.2900 are numbered, noting that a break may be seen in the upcoming London session, and ahead of the US NFP report.
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