Dudley says September rate hike seems less compelling

FXStreet (Córdoba) - William Dudley, President of the Reserve Bank of New York said that a September rate hike seems less compelling now than a few weeks ago, fueling concerns latest economic developments could delay the liftoff.

Speaking at a press briefing in New York, he said that China slowdown is having significant impact on global economy and international developments have raised downside risks. However, he added that is important not to overreact to market developments and that he is confident Chinese authorities can handle challenges.