Fed's Bullard: Rate hike this week was “a good next step”
|St. Louis Federal Reserve President James Bullard supported the 25 basis point rate hike that the Fed took this week, calling it "a good next step." He stated that there is a significant amount of inflation in the economy.
In terms of the economic outlook, Bullard's base case is not a recession, but rather slow growth and declining inflation. He also noted that the labor market remains "very tight" and will take time to cool.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.