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Fed’s Williams: Penciling in 3 more hikes for 2018 to return to a normal level of 2.5%

More headlines crossing the wires from San Francisco Fed President Williams’ interview held earlier today.

Key Points:

A Dec rate hike makes sense, at least based on the information I have today.

Penciling in 3 more hikes for 2018 to return to a normal level of 2.5%.

Yellen has done a fantastic job during a very difficult time.

Expects Powell to continue "making sure that we have a strong consensus on our policy decisions and strategy".

GBP/USD steady in the mid-1.3100s

The Sterling is trading within a tight range vs. the greenback at the end of the week, taking GBP/USD to the 1.3140/60 band following the Asian sessio
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USD/CAD holds weaker below 1.2700 handle, over 2-week lows

   •  Consolidates overnight bearish break below 1.27 support.    •  Receding USD selling/subdued oil prices help limit further downside. The USD/CA
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