Comments from New York Fed President Bill Dudley:
"Data releases that are close to our expectations have little additional impact on the forecast, while data releases that deviate significantly from our expectations can lead to more significant revisions of the forecast," Dudley said Thursday in remarks prepared for a media briefing in New York. "It is, therefore, important for market participants and households to be able to follow the data along with the FOMC and to understand how we are likely to interpret and react to incoming data."
