Fed's Dudley sticks to the script - ANZ

Ross J Burland FXStreet

Analysts at ANZ explained that the New York Fed’s Dudley overnight struck a similar tone to Chair Yellen.

Key Quotes:

"...with expectations that employment will continue to tighten and that the US will hit the 2% inflation goal over the forecast horizon. He added that normalisation needs to continue. Waiting for lower unemployment and higher inflation, could mean having to hike too quickly, sparking recession."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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