It'll depend on how the market interprets the statement and whether or not they can tell if the Fed closed the door to further hikes. If they haven't, they'll want to know how wide that crack is.
More Quotes from Bill Dudley:
Over the past year, core intermediate goods inflation has been nearly 5 percentage points higher than core finished goods inflation. This is one of the largest gaps ever, and reinforces our expectation that a part of this early-stage inflation should feedBill Dudley
Past transitions at the Fed have often been accompanied by volatile financial markets.
Bill Dudley
By far this is the best team we have played. They were in the final four last year. We have to give a lot of credit to Vince for this win. His field goal and extra points helped us out a lot.
Bill Dudley
This is a pretty good report, I thought, in terms of the economy getting better.
Bill Dudley
Since it is the tightness of monetary policy you have to worry about in terms of implications for the economy, not the shape of the yield curve, per se, it should tell you not to be particularly nervous about the outlook.
Bill Dudley
Would you really buy a computer early if computing prices are falling ... You'll probably have a bit of a bulge in spending in the fourth quarter, but we think people are overstating the benefits.
Bill Dudley
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