Fed Dudley Says Possible to Hike Rates Next Month – Braking News

Fed Dudley Says Possible to Hike Rates Next Month - Braking News

FED SURE AND CONFIRM NEWS

Gold Silver Reports — Fed Dudley Says Possible to Hike Rates Next Month – Braking News – The Federal Reserve could possibly raise US interest rates as soon as next month as the labour market tightens and as evidence builds of wage gains, influential New York Fed President William Dudley said on Tuesday  .  

“We’re edging closer towards the point in time where it will be appropriate I think to raise interest rates further,“ Dudley said on Fox Business Network. “It’s possible“ to hike rates at a mid-September policy meeting, he said, “we’ll have to see where the data falls (and also watch) the broad supports for the economy  . “  

The US central bank raised rates from near zero in December, its first tightening in nearly a decade, but it has since stood pat amid financial market volatility and stalled US economic growth  .  — Neal Bhai Reports.

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