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The Fed can still hike in September – FOMC’s Dudley

William Dudley, President of the Federal Reserve Bank of New York, has not ruled out a Fed rate hike at next month’s meeting, deeming it as ‘possible’.

In his comments earlier today, Dudley argued the time is coming for a rate hike, while he also said that US elections will not weigh on any Fed decision and that Fed Fund Futures markets are underpricing a rate hikes.

Dudley also said it is premature to assess the economic impact of the recent ‘Brexit’ vote, while the slower pace of growth in China was somewhat expected.

United States Redbook index (MoM) dipped from previous -0.2% to -0.3% in August 12

United States Redbook index (MoM) dipped from previous -0.2% to -0.3% in August 12
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US CPI flat in July

The US consumer-price index was unchanged on a seasonally adjusted basis in July from the prior month, the Labor Department said Tuesday. The flat rea
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