Bonds

Dudley: Summer Rate Hike 'Likely,' Expect 2% Growth in 2Q

New York Federal Reserve President William Dudley said on Thursday he expects a 2% pace of economic growth in the second quarter after a slowdown in the first three months of the year, and anticipates further tightening in U.S. monetary policy.

Fed Flexes Muscle, June Rate Hike Still in Play

Just as investors got comfortable with the idea that the Federal Reserve would stand firm on interest rates in June, minutes from the central bank’s April meeting show a rate hike next month is still very much an option.