US Federal Reserve board member Rosengreen on the wires 6 June 2016
- expects enough growth for rate hikes
- expects gradual tightening, though recent data "choppy"
- important to see if weak jobs data is a one-off
- US is now at "full employment" estimate
- evidence inflation moving towards 2% target
- optimistic about strong US retail sales, consumption
Glass half-full for Rosengreen still.
Meanwhile USD a little better bid as European trading gets underway. GBPUSD 1.4374 EURUSD 1.1339
