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Fed's Dudley sticks to company line

Published 06/19/2017, 09:05 AM
© Reuters.  Fed's Dudley sticks to company line
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  • The U.S. expansion has a long way to go, says the FRBNY's Bill Dudley, and a gradual pace of tightening now assures no need to "slam on the brakes" further down the road.
  • As for any concern about the sharp flattening in the yield curve, Dudley pronounces himself unconcerned.
  • Treasurys at the long end showed a bit of movement around his comments, but are about unchanged, with the 10-year yield at 2.167%. Thirty-day Fed Funds futures continue to price in less than a 50% chance of a rate hike at the September FOMC meeting.
  • ETFs: PLW, GOVT, STPP, FLAT, EGF, TAPR, FTT, USFR, TFLO, FIBR
  • Now read: Three breakfast reads


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