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White House' Cohn: We're in a benign period here with Fed

In an interview with the Bloomberg TV, the White House director of the National Economic Council, Gary Cohn, said that they were in a benign period with the Federal Reserve.

Key quotes (via LiveSquawk)

Q4 GDP tracking above 3%.

Both bills have 20% corporate tax rate.

WTI erases majority of daily gains, drops below $57 ahead of Baker Hughes rig count

Crude oil prices gained traction on Friday with the barrel of West Texas Intermediate advancing to a three-day high of $57.77 before losing its moment
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USD/JPY recovers NFP-inspired losses, returns to mid-113s

The USD/JPY pair recorded a 50 pip swing as it dropped to 113.10 from 113.60 with the initial reaction to the nonfarm payroll reports from the United
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