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Fed's Kocherlakota: Not favouring raising rates in 2015

FXStreet (Bali) - Narayana Kocherlakota, a dove voting member for 2015, and president of the Federal Reserve Bank of Minneapolis, is crossing the wires, speaking on his outlook for the US economy and monetary policy in 2015, noting that he doesn’t favour raising rates in 2015.

Additional headlines

Will take a few years before inflation back to 2%

Federal Reserve underperformed on dual mandate for 3 years

Lack of Federal Reserve response is further credibility risk

Federal Reserve hasn’t acted on inflation expectations drop

Federal Reserve eroding credibility by missing inflation goal

Euro trend here to stay - Deutsche Bank

According to Deutsche Bank Research Team, the EUR/USD bearish trend is here to stay, expecting a move to 1.10 this year.
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US Session Recap: The black stuff dominates again and send the Yen higher

With a lack of data events, the markets were once again driven by the price of oil, with crude down below the $45 bbl mark around speculation that stockpiles will increase.
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