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Thursday, June 02, 2016

Fed's Kaplan: US consumer in relatively good shape

  • Forecasts 2% GDP this year
  • Inflation has picked up in the last three months
  • We are getting to the point where it will make sense to raise rates in June or July
  • US is getting pretty close to full employment
  • Expects labor force participation to fall to 61% in next 10 years due to demographics

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