- Still seeing significant underutilization in the labor market, FRBNY President Bill Dudley says it's "premature" to hike rates now, but calls forecasts for a mid-2015 rate hike "reasonable." His comments come after last Friday's payroll report showed the unemployment rate dropping to 5.9%.
- Among the factors helping to assure little upside for current inflation and growth forecasts, says Dudley, are a stronger dollar, weak foreign demand, and strong domestic energy production.
- Previously: Kocherlakota: Forget rate hikes in 2015
- ETFs: SHY, BIL, VGSH, SHV, SCHO, DTUS, SST, TUZ, DTUL