Fed's Evans "quite comfortable" with expectations for December rate hike
A top US central bank official said on Wednesday he was confident with the interest rate path implied by market pricing, including a hike when the Federal Open Market Committee next met.
In remarks to Bloomberg TV, in London, the president of the Federal Reserve bank of Chicago, Charles Evans, also said readings on inflation had improved significantly.
Evans said he was "quite comfortable" with expectations for a hike on 19 December, adding that lifting the target range for the Fed funds rate to a "restrictive" 3.0% to 3.25% were what a "strong" economy and "good" inflation called for.
"We just submitted a summary of economic projections for the last FOMC and I believe the median dot was four rate hikes this year so that would indicate a high likelihood for one more this year," Evans said.
"I'm quite comfortable with the expected path."
However, he reportedly believed "strikingly large" job gains had only pushed the jobless rate a little below a sustainable level.
He also indicated that permanent changes to US tariffs would hit growth.