- Analytics
- News and Tools
- Market News
- Fed's Bullard: Recent inflation misses “not comforting”, markets may be losing faith inflation will abate
Fed's Bullard: Recent inflation misses “not comforting”, markets may be losing faith inflation will abate
St Louis Fed President and 2022 voting FOMC member James Bullard said on Thursday that recent inflation misses are "not comforting" for policymakers who need to manage the risk that it will continue, according to Reuters. Moreover, Bullard continued, markets may be losing faith that inflation will abate and, thus, front-loading rate increases would send the right signal that the Fed is serious about controlling inflation. Bullard criticised that there is too much "mind share" devoted to the idea that inflation will ease and the risk now is that it will not. Bullard added that there is not much risk of a recession coming from Fed policy.
Market Reaction
Typically hawkish remarks from Fed's Bullard have not had that much impact on FX markets, with the DXY continuing to trade flat in the 95.70s area.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
