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Fed's Williams: Expects gradual rate hikes

Additional comments from San Francisco Fed President John Williams are crossing the wires, with key quotes (via LiveSquawk) found below:

  • Expects gradual rate hikes
  • No sign that neutral rate is moving up
  • Rise in wages seen helping to push up inflation
  • With US unemployment so low, seems like wage growth will accelerate
  • Markets are still pricing in some probability of tax reform

USD/CHF edges higher toward 0.98 on robust US data

After spending the majority of the day in a relatively tight range near mid-0.97s, the USD/CHF pair gathered momentum in the early NA session and star
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US stocks hit fresh record highs, Nasdaq outperform

Major US equity indices opened with modest gains on Thursday. Though tepid, the gains were enough to lift all the three major indices to fresh record
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