South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
BOJ Holds Interest Rates at 0.75% as Policymakers Signal Growing Inflation Concerns 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
Market should listen!
Several policymakers in past several days, weeks have warned about June meeting being alive and there could be two or three rate hikes on the table. Names include, Boston FED chief Rosengren, Kansas city FED Chief Esther George, San Francisco FED President Williams and Atlanta city FED supreme Lockhart. Now Bill Dudley, President of New York city FED, and a permanent voting member in FOMC joined these relative hawks in tabling the summer hikes.
Like his colleagues, Mr. Dudley felt too that market is over pessimistic in their hike expectations. While the members are warning two or three hikes, Market is still pricing one and that in July and marginally. He expects second quarter to be stronger compared to first one, which will be sufficient for FED to hike in summer.
However, he maintained Federal Reserve’s official position that any hike will be data dependent and in regard to that policymakers will have to gauge the impact of British referendum over financial markets and economy over the coming weeks.
Dollar index is currently trading at 95.3, up 0.02% so far today.
