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.


South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead
RBI Hits Pause as Geopolitical Storm Clouds Gather
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks
J.P. Morgan Sees Major Upside for Prysmian as Optical Fiber Prices Surge
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 



