Bullard says Fed may need to cut rates ‘soon’
Market-implied probability of a cut in September now above 80%
The Federal Reserve is moving closer to a reversal of its monetary policy stance, as policy-maker James Bullard indicated a rate cut “may be warranted soon” in remarks on June 3.
The St Louis Fed president – currently a voting member of the Federal Open Market Committee – said the FOMC “faces an economy that is expected to grow more slowly going forward”, while both inflation and inflation expectations “remain below target”.
Bullard added that “signals from the Treasury yield curve” appear to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com