28.9 C
New York
Wednesday, July 6, 2022

Dudley sees three or four Fed rate hikes in 2018: CNBC

Dudley sees three or four Fed rate hikes in 2018: CNBC© Reuters. President of Federal Reserve Bank of New York William C. Dudley attends a forum hosted by the Puerto Rico Chamber of Commerce in San Juan

NEW YORK (Reuters) – The Federal Reserve will likely gradually raise interest rates three or four times in total this year and could aim to eventually raise the policy rate to about 3 percent, New York Fed President William Dudley said in a television interview on Monday.

“The markets are seeing that three is possible, four is possible, but five or six seems to me is quite unlikely,” Dudley, an influential outgoing Fed policymaker, said on CNBC. He added: “Three percent is a reasonable starting point in terms of thinking about what ‘neutral’ might be over the long run.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,296FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles