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Fed's Dudley: June is definitely a live meeting
Dudley might salvage this fiasco in the Q&A • Quite pleased to see market increase view on market's June-July views • Data will drive what Fed actually does • If he's convinced his forecast is on track, then June or July hike is reasonable • Brexit is a variable that could influence Fed • Sees economy growing above-trend with a tighter labor market • Expects Q2 to be stronger than Q1, sees growth over 2% • Q1 slowdown was a little bit of a surprise • Strong retail sales report supports view that this quarter will be stronger • Market more comfortable with Chinese FX, concerns could return • Fed ... (full story)
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