Fed's Kashkari: I'm nervous about layoffs however not seeing them but

• I’m worried that with the uncertainty, businesses will do layoffs
• Not seeing an uptick in layoffs yet
• Some businesses say they are scenario planning for potential layoffs if uncertainty lasts
• A resolution of trade frictions would relieve uncertainty, would be optimistic

This is really just thinking out loud. The market is pricing in a 66% chance of a cut at the June 18 FOMC.

This article was written by Adam Button at www.forexlive.com.