Abstract:The U.S. central bank ought to raise interest rates to 3.5% this year to get high inflation more quickly under control.
St. Louis Federal Reserve Bank President James Bullard on Friday reiterated his view that the U.S. central bank ought to raise interest rates to 3.5% this year to get high inflation more quickly under control.
“The more we can frontload and the more we can get inflation and inflation expectations under control the better off we will be,” Bullard said in an interview with Fox Business Network. “And in the out years, '23 and '24, we could be lowering the policy rate because we've got inflation under control.”
For more Forex news, please download WikiFX- the Global Broker Regulatory Inquiry APP.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The week ahead: Traders on the backfoot ahead of a quiet week
This week, the Italy financial regulator CONSOB issued a warning against an unlicensed broker named Broker Capitals. When we clicked on Broker Capitals' website, its logo, trade name, and design seemed familiar to us.
Berkshire Hathaway Inc said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million.
A look at the day ahead in markets from Alun John