Fed’s Dudley calls stock market rally unusual

Omkar Godbole FXStreet Contributor

Fed’s Dudley calls the stock market rally unusual given the enormous rise in the policy uncertainty. Dudley sees Fed raising rates a little further in months ahead, as the inflation is seen moving towards Fed’s 2% objective.

However, the policymaker warns it is hard to factor fiscal policy into forecast as Trump’s plans are not yet clear.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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