Fed's Kaplan: Base case is for just one more rate increase this year

Speaking at an event in Texas, Dallas Fed President Robert Kaplan said that his base case scenario was for one more rate hike this year.

Key quotes (via Reuter)

• We are at or have achieved full employment but there is some labor slack remaining.
• We are approaching 2-percent inflation target.
• Near-term outlook of the United States economy is strong.
• We should be moving toward neutral rates.