William C Dudley, President at New York Federal Reserve, has rejected the criticism that FED is creating more confusion over its rate hike communication. Expectations of rate hike from FED was initially focused on June, which was scaled back to September and now to December after FOMC chose to hold rates this month. Focus now shifted to December, though many economists as well as market participants think FED will hike next year.
Some of the central bankers in emerging markets have also criticized FED for communicating and keep reiterating rate hike but refraining from pulling the trigger, which according to them is creating unnecessary uncertainty.
Mr. Dudley reiterated FED's ambition to hike rates and countered the criticism saying that while all including the market would love clarity how the world will evolve but FED can't make the world more certain that it actually is.


Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat
Goldman Sachs Sees U.S. Dollar Holding Firm as Strong Economic Data Supports Outlook
RBI Holds Interest Rates at 5.25%, Cuts India Growth Forecast Amid Rising Global Risks
BOJ Rate Hike Expected to Boost Yen, Impact USD/JPY and Nikkei
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027
Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 



