NY Fed prez hints it's one-and-done for interest rate hikes

Section:

Dudley Flags Tight Conditions Ahead of Fed Meeting

Sam Fleming and Robin Wigglesworth
Financial Times, London
Wednesday, February 3, 2016

Global financial conditions have tightened markedly since the Federal Reserve lifted interest rates in December and the central bank will have to take that into account if the situation persists into March, the president of the New York Fed has said.

The words from Bill Dudley came as financial markets ratcheted back expectations of rate rises further, with traders now expecting no move at all in 2016 -- in sharp contrast to Fed policymakers' last forecasts in December.

Mr Dudley said that the recent turmoil in financial markets could alter the outlook for growth and risks to the economy, adding that if the global economy were to hit a roadblock, triggering a further surge in the dollar, "it could have significant consequences back to the US."

His comments in an interview with MNI are an acknowledgment of how sharply the backdrop has changed since the Fed boosted rates by a quarter point in December. ...

... For the remainder of the report:

http://www.ft.com/intl/cms/s/0/5966a182-ca92-11e5-a8ef-ea66e967dd44.html



ADVERTISEMENT

Silver mining stock report comes with 1-ounce silver round

Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

http://fmturl.com/gata/



Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16