US Fed's Kaplan says OPEC agreement will help oil prices firm

Will help? Hasn't he checked his screens in the past 24 hours?
I wonder how much further he thinks they can go? Not that I would trade on his recco of course. Just curious.

• Dallas Fed optimistic that recession isn't around the corner

Relax everyone. It's all gonna be ok!

• household deleveraging has led to sluggish GDP

On the other hand, just hold those Palominos for the moment.

• US moving toward full employment
• GDP sluggish but enough to take slack from labour market
• we think inflation is heading toward 2%