US Fed's Harker in scheduled speech 21 Feb

  • US inflation to reach or exceed 2% goal by end of 2019
  • unemployment to fall to 3.6% by mid 2019 then edge back up

Edge back up as US recession kicks back in ?

  • GDP to grow by 2.5% in 2018 then 2% next year

I repeat, US recession to kick back in next year? Rate hikes this year to try and create some wiggle room to cut again when the proverbial hits the fan again.

USD supply returning a little. GBPUSD 1.3932 EURUSD 1.3923 USDJPY 107.46