Outlook has not changed since Dec rate hike – Fed’s Dudley

By FXStreet FXStreet (Mumbai) – Fed’s William Dudley, while speaking in New Jersey today, assured markets that the economic situation has not changed much since the December Fed rate hike.

Dudley downplayed risk of recession, but called current expansion ” a bit long in the tooth”.

Key Quotes

“Inflation still short of Fed’s target but core remains quite stable”

“Rate hikes path to be early and slow not late and fast”
“A further pull back in the US energy sector expected this year”

“Manufacturing will stay soft this year”

“Bond market reaction to lift off has been very mild”
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Source:: FX Street