Gold Jumps As “Dovish” Dudley Sees The Light On ‘Hard’ Economic Data, Warns Of Q1 Weakness

Friday, March 31, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Mar 31, 2017

It may be the fastest transition from a “hawkish” to “dovish” stance by a Fed talking head in history, after New York Fed President Bill Dudley went from “it is important not to overreact to every short-term wiggle in financial markets” and predicting “gradual rate hikes for the rest of the year” yesterday after the close, to “the Fed is in no rush to hike” in an interview with Bloomberg this morning.

Meanwhile, it’s getting harder for the mainstream media and their asset-gathering sponsors to hide the reality of the post-Trump rally economic ‘improvement’ from investors’ eyes.

During the Bloomberg interview, Dudley also admitted there’s “no rush to hike” as the “economy is clearly not overheating,” warning of the potential for Q1 weakness as “sentiment [improvements] are not showing up in the hard data yet.” Perhaps he finally saw the following chart?

Indeed Mr. Dudley: and the ‘hard’ data has NEVER caught up to spiking sentiment…

The Rest…HERE

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter