Fed's Williams and Dudley hinted to continue normalising policy - ANZ

Analysts at ANZ explained that over the past 24 hours, the Fed’s Williams and Dudley, again both hinted at a desire to continue normalising policy. 

Key Quotes:

"Williams noted that “some special transitory factors have been pulling inflation down... But with some of these factors now waning, and with the economy doing well, I expect we’ll reach our 2% goal sometime next year.” 

Dudley stated that “Monetary policymakers need to take the evolution of financial conditions into consideration [and] when financial conditions ease – as has been the case recently – this can provide additional impetus for the decision to continue to remove monetary policy accommodation.” 

So at least with regards to these senior Fed members, the message has not changed despite recent data hiccups. All eyes will be on Yellen who speaks tomorrow morning (NZT)."