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Fed's Evans: Rates to stay low for 'quite some time'

FXStreet (Łódź) - Chicago Fed chief Charles Evans said on Monday that he expected interest rates to remain at low levels for an extended period of time, before economic conditions allow for a hike.

Evans suggested that increases could start after the summer of 2015, although he admitted that a first hike in June is "certainly a possibility." The FOMC would need to see inflation at 2% or slightly higher, to make the move.

Furthermore, Evans said that the Fed didn't detect evidence of dangerous financial bubbles so far.

Austria Purchasing Manager Index dipped from previous 50.9 to 47.9 in September

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USD/JPY hits fresh lows, US data ignored

USD/JPY extended its pullback from fresh 6-year highs at the beginning of the American session as the dollar retreats across the board despite in line with expectations US data.
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