Fed’s Evans: Economy sluggish into 2009, inflation receding

Chicago Fed president Evans is on the wires sound fairly dovish. He sees the economy staying fairly sluggish “well into” 2009. Forward looking assessments would put less weight on inflation now, he says.

Stocks continue their moderate Friday afternoon recovery, up about 2.5%. EUR/JPY is well underpinned as a result, now at 137.00.

This entry was posted on Friday, October 17th, 2008 at 5:55 pm and is filed under Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Fed’s Evans: Economy sluggish into 2009, inflation receding”

  1. BigMillers Says:
    October 17, 2008 at 7:36 pm

    Any of you thinking about a long euro/yen for the long term yet?

  2. Jamie Coleman Says:
    October 17, 2008 at 7:39 pm

    Stocks will tell us. When they definitively turn, then you can buy everything against yen, but not until…Seems like hedge fund redemptions are not done yet, so don’t want to jump the gun.

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