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Gradual hikes are expected – Fed’s Evans

FXStreet (Edinburgh) - Chicago Fed President Charles Evans has stressed that regardless the timing of the Fed’s lift-off, subsequent rate hikes should follow a gradual path.

In addition, he wants to see further evidence of a pick up in consumer prices before hiking, while he now expects inflation figures to reach the 2% target in late 2018.

He has also emphasized the good health of the labour market, seeing a positive outlook for growth and hiring at the same time.

BoE rate hike to come Q2 2016- ING

Analysts at ING Bank noted that the encouraging UK employment data was slightly offset by disappointing news on wages. However, they remain upbeat about the UK’s outlook and they favour a BoE hike in the second quarter of 2016.
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USD/CAD to edge higher to 1.3400 6mths - Rabobank

Jane Foley, analyst at Rabobank explained that although the glut in oil supply may take longer to clear than had been expected at the start of this year, the BoC is optimistic that non-energy exports can pick up some slack.
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