Fed's Dudley: Gradual rate hikes appropriate to avoid overheating, significant inflation overshoot.

Felipe Erazo FXStreet

New York Fed's President William Dudley was on the wires, via Reuters, stating that gradual rate hikes appropriate to avoid overheating, significant inflation overshoot.

More headlines (via Reuters):

Risks to U.S. growth, inflation may be shifting to upside
More likely U.S. fiscal policy becomes more stimulative
Now more confident inflation will stabilize at 2 pct goal
Overseas economic outlook brightened, risks significantly lower than a year ago

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

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