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Fed's Kashkari: Need to bring economy back into balance with rate hikes, don't know how many that will take

Federal Reserve Bank of Minneapolis President Neel Kashkari said that the Fed needs to bring the US economy back into balance by raising interest rates a little bit. We don't know how many interest rates hikes it will take, he added, saying that we (the Fed) are adjusting as the data comes in. 

US: Personal Income rose 0.3% MoM in December vs 0.5% exp, Personal Spending fell 0.6% MoM vs 0.6% expected drop

US Personal Income rose by 0.3% MoM in December, below expectations for a 0.5% MoM rise, according to a report released on Friday by the Bureau of Eco
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USD/JPY retreats from multi-week high, slides back below mid-115.00s post-US data

The USD/JPY pair surrendered its intraday gains to a near three-week high and retreated back below mid-115.00s, or the lower end of its daily trading
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