Fed’s Evans - Could move in June on continued labor market gains

Federal Reserve policymaker Evans, while speaking to CNBC, said the central bank could move in June on continued labor market gains and said the dot plot would adjust if data came in stronger.

Key Quotes

I don't think inflation is going to get out of hand

US economy will warrant two hikes this year

Global risk is higher than December

Accommodative policy continues to be appropriate

Eventually we want to get rates up to normal

Threshold pretty high for hike at April meeting, but it is a live meeting

Nervous about trade numbers

US ADP beats estimates but carried a downward revision to Feb figure

The ADP report released today showed the US private sector employment growth in March was slightly better than expected.
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US ADP rises 200k in March - ING

James Smith, Economist at ING, notes that the US ADP's employment survey slightly beat expectations, but they'd caution against using this as a directional indicator ahead of Friday's labour report.
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