Gold Jumps As Fed’s Dudley Sees The Light On ‘Hard’ Economic Data, Warns Of Q1 Weakness

Tyler Durden's picture

It’s getting harder for the mainstream media and their asset-gathering sponsors to hide the reality of the post-Trump rally economic ‘improvement’ from investors’ eyes.

During a Bloomberg TV interview this morning, New York Fed President Bill Dudley admitted there’s “no rush to hike” as the “economy is clearly not overheating,” warning of the potential for Q1 weakness as “sentiment [improvements] are not showing up in the hard data yet.”

Indeed Mr. Dudley… and the ‘hard’ data has NEVER caught up to spiking sentiment…

Given his hawkishness yesterday and dovishness today, markets are reacting…

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