High Chance of a Summy Fed Rate Hike, Says Schmieding

The Federal Reserve is moving closer to raising interest rates at one of its next two meetings and the fact this message is getting through to financial markets is welcome news, said New York Fed President William Dudley. “If I’m convinced that my own forecast is on track, then I think a tightening in the summer, the June-July time frame, is a reasonable expectation,” Dudley told reporters Thursday in New York. Berenberg Chief Economist Holger Schmieding discusses with Bloomberg's Anna Edwards on "Countdown."

What to Expect From the Fed Minutes
55:48 - Jon Beinner, co-head of global fixed income at Goldman Sachs Asset Management, and Michael O'Rourke, chief market strategist at JonesTrading, preview Wednesday's release of the latest FOMC minutes. They speak with Bloomberg's Jonathan Ferro on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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