Dudley's Dopey Dow-Data-Dependent Doubletalk!

Update: Dudley just admitted what everyone has long suspected - it is Dow Data Dependent: "How we react after liftoff will depend on how the market reacts."

  • *DUDLEY: FED RATE PATH WILL BE SHAPED PARTLY BY MKT REACTION

William Dudley speaks.. and the market front-runs.. as he indicates that weakness in March is due to the weather (hawkish) but that "the timing of the Fed's first rate hike is later" (dovish)... data dependent... blah blah blah...

  • *DUDLEY SAYS WOULDN'T TAKE HUGE SIGNAL FROM MARCH PAYROLLS DATA
  • *DUDLEY SAYS DROP IN ENERGY PRICES A GOOD THING ON BALANCE
  • *DUDLEY SAYS RECENT DATA HAS SURPRISED TO THE DOWNSIDE
  • *DUDLEY EXPECTS BUSINESS INVESTMENT TO ACCELERATE
  • *DUDLEY: CAN IMAGINE SCENARIOS IN WHICH JUNE LIFTOFF IS IN PLAY
  • *DUDLEY SAYS RATE RISE DEPENDS ON DATA
  • *DUDLEY SEES REASONS TO ERR ON SIDE OF BEING LATE ON RATES

Live Feed: (click image for live feed via Reuters)

* * *

The "market" is hanging on every word...

Dudely Admits Fed Actions Dictated By "Market Reaction"- Live Feed | Zero Hedge.

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