Fed’s Dudley – Cautions approach to rate hikes appropriate

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    New York Fed’s Dudley, while speaking in Connecticut, said a cautious and gradual approach to rate hikes is appropriate.

    Key quotes

    No fundamental change in my US outlook in recent months

    Signs of softness in consumer and business spending

    Low inflation expectations still cause for concern

    PCE inflation to eventually return to 2% objective

    Subdued wage growth suggests still slack in the labor market

    Labor market healthy, but long-term unemployed still high

    Sees us jobless rate falling to around 4.75% in 2016

    Sees US growth of about 2% in 2016, above potential

    Fed can use forward guidance, balance sheet, if needed
    For more information, read our latest forex news.

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