News


Fed’s Dudley: I would be surprised if expansion were to end in next year or two




Dudley speaks to Bloomberg on “Financial Tumult of Our Times and Challenges Ahead”

  • The household sector is in good shape financially
  • We saw another healthy gain in jobs today
  • I would be surprised if expansion were to end in next year or two
  • The outlook over the next couple years is ‘pretty good’
  • Says trade and debt are two main risks
  • It would be shocking if corporate tax cut didn’t lead to investment, the question is ‘how much?’
  • Historically, investment spending hasn’t been that tied to the cost of capital
  • So far we haven’t seen signs of an acceleration in investment spending
  • Says he’s not ready to declare victory on hitting inflation target































Source link

Articles You May Like

Atlanta Fed GDPNow remains at 4.4% in their current estimate
Forex Strategy: Fractal Trading
US stocks don’t have the best of days as traders rotate out of tech
ECB meeting coming up Europe time on Thursday
China August activity data – retail sales, industrial production, investment

Leave a Reply

Your email address will not be published. Required fields are marked *