„We will probably have a slightly higher rate from the Fed, even though we are slowing the pace of rates,” Chicago Fed President Charles Evans said on Friday, according to Reuters. „We are on track to get financial conditions tight enough to bring inflation down to 2 percent,” Evans noted, adding that they are well positioned to appreciate some very clear improvements in inflation. MARKET REACTION The USD Index is holding a modest recovery following these remarks and was last up 0.32% at 105.05.