Fed’s Dudley: Raising interest rates not likely very soon

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If the economy and labor markets improve quickly, Dudley said, the Fed would react by raising rates sooner. "If that all happens very quickly, I can definitely see the fed raising interest rates.

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With unemployment looking more likely to rise than fall, don’t expect stronger wage growth this year. Expect another rate cut.

If the economy and labor markets improve quickly, Dudley said, the Fed would react by raising rates sooner. "If that all happens very quickly, I can definitely see the Fed raising interest rates even prior to the election possibly," he said. "But if that all happens very slowly, then we’re going to go very slowly."

"If that all happens very quickly, I can definitely see the Fed raising interest rates even prior to the election possibly," he said. "But if that all happens very slowly, then we’re going to go very slowly." Dudley was coy on just how many rate increases he envisioned, saying only that he expected the central bank to move at least more.

Consumers should soon see benefit of Fed’s patience on rates – NEW YORK (AP) – So much for those worries about rising interest. very patient Fed. The impact should soon filter out to consumers across the economy, and the effects will likely remain for a while..

Fed Chair Jerome Powell Sets Stage For Rate Hike | CNBC The Federal Reserve should "soon" be ready to raise interest rates as U.S. central bankers grow confident that low inflation will rebound and that employment remains stable, William Dudley, the.