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US Fed's Kaplan: accomodation should be removed gradually

Dallas Fed head Robert Kaplan spoke with reporters today in Florida, giving his thoughts on the US rate situation.

Key highlights

Energy price volatility is going to increase.

Labor force slack is beginning to work itself out.

2018 should still be minimum three rate hikes.

Symmetrical inflation target of 2% is still in place.

Fed is watching energy price pressure carefully.

New Zealand shadow board sees rates unchanged

New Zealand's shadow board has made their recommendation to hold interest rates at 1.75%, with little surprise to markets. The Reserve Bank of New Zea
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Japan Overall Household Spending (YoY) came in at -0.7%, below expectations (1.1%) in March

Japan Overall Household Spending (YoY) came in at -0.7%, below expectations (1.1%) in March
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