“I think that is a good benchmark for now,” St. Louis Fed President James Bullard says in a new interview.
St. Louis Fed President James Bullard, who has been a leading voice of aggressive rate hikes this year, on Wednesday said he was content with a plan to raise interest rates by 50 basis points at each of the next two meetings.
Bullard said he would like to see the Fed’s policy rate get up to 3.5% by the end of the year. The Fed has to go above “neutral” to push down inflation, he said. Bullard’s comments in late April that the Fed shouldn’t take an even larger, 75-basis-point rate hike off the table roiled financial markets.
“The committee, based on public comments from my colleagues, has coalesced around a plan of 50-basis-points per meeting. So I think we can proceed on that,” he said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
How Fame Fed on Edna St. Vincent MillayDuring the 1910s and ’20s, Edna St. Vincent Millay achieved the kind of fame that was unusual for a poet then and unthinkable now. Before the age of the movie star, she became America’s first starlet.
Leer más »
EUR/USD is trapped in the 1.0500-1.0640 as Fed speakers lay the ground for 50-bps rate hikesEUR/USD is trapped in the 1.0500-1.0640 as Fed speakers lay the ground for 50-bps rate hikes By christianborjon EURUSD Majors Macroeconomics Technical Analysis
Leer más »
Fed isn't ruling out 75 basis point moves forever, Mester saysThe Federal Reserve isn’t ruling out 75 basis point moves forever, but a pace of smaller 50 basis point moves “seems about right to me,” Cleveland Fed president Loretta Mester said.
Leer más »
The Fed raised interest rates – what to do now with your retirement portfolioAs the Federal Reserve has announced the largest increase in the federal funds rate since 2000, here are two investments to take a look at if you are looking to retire soon or have already retired.
Leer más »
Fed manages to hurt both rich and poorPast tardiness in tackling surging inflation means low-income U.S. households face huge increases in the cost of living. Now, Fed Chair Jay Powell may have to hike rates so much that growth falters – a prospect hitting stocks and richer households’ net worth. Misery has company.
Leer más »
Gold Price Analysis: XAU/USD consolidates in $1,860 area ahead of Fed speak onslaughtBroader market risk appetite remains mixed and indecisive in the hours prior to the start of the US session, after a resoundingly risk-off Monday. For
Leer más »