June FOMC will be live, Fed's Dudley says

The door is open to an interest rate hike by the US central bank when it meets in mid-June, a top official said.

Speaking at a press briefing on the state of the economy at the Federal Reserve bank of New York its president, William Dudley, said June was “definitely a live” meeting.

However, he reportedly also stated that the monetary authority would not lose credibility if the economic data published by the time of the 14-15 June meeting of the Federal Open Market Committee did not warrant moving on rates.

As of 16:12 BST the US dollar index was higher by 0.12% to 95.30.

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