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Dudley Says He Won’t Rule Out More Fed Tightening This Year

  • Investors ‘appear to be too complacent’ on rates, Dudley says
  • Headwinds, from election to tight credit, dampen outlook
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Jersey: Markets Don’t Believe in a Fed Rate Hike

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Investors are underestimating how many times the U.S. central bank will raise interest rates this year and next, but they are probably right about the pace being slower than previously thought, said Federal Reserve Bank of New York President William Dudley.

“Directionally, the movement in investor expectations towards a flatter path for U.S. short-term interest rates seems broadly appropriate,” Dudley said in remarks prepared for a speech Monday at a conference in Bali.