‘Great job’ by J.Yellen – Fed’s Bullard

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - St. Louis Fed President James Bullard remains optimistic about a rate hike by the Federal Reserve at its next meeting in December. He also argued that market-based measures are pointing to higher rates while conditions for holding a rate hike have somewhat subsided. Furthermore, he stressed the Fed has ‘unanimous’ support for a gradual increase of rates.

    He added that the labour market remains ‘very healthy’, with the unemployment rate gyrating around long-term potential.

    Bullard sees inflation figures returning to the 2% target if oil prices stabilize, although occasional drops of energy prices could have a temporary effect on consumer prices.
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