A second interest rate hike may be near, advised New York Fed President Bill Dudley on Thursday. “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.” The release of Fed minutes from the last policy meeting fall in line with that thinking. So, too, does the April update on real (inflation-adjusted) base money supply (M0), which contracted in year-over-year terms in April, marking the third decline in the past four months.
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Daily Archives: May 20, 2016
Initial Guidance | 20 May 2016
● Fed’s Dudley points to interest rate hike in June or July | MarketWatch
● Jobless claims fall back to earth in mid-May | MarketWatch
● US Leading Economic Index Rises More Than Expected In April | RTT
● Philly Fed Mfg Index Unexpectedly Fell In May | RTT
● Chicago Fed Index: US Economic Growth Picked Up in April | Chicago Fed
● Bloomberg Consumer Comfort Index rises in mid-May | Seeking Alpha