With so many measures suggesting that disinflation has already nearly run its course, that makes rate hikes next year far more likely than the less-than-zero chance bonds markets currently reflect.
St. Louis Federal Reserve President James Bullard announced on Thursday that he was stepping down from his post to take the position of dean at Purdue University’s Mitchell E. Daniels, Jr. School of Business.
Federal Reserve officials are working overtime to jawbone the market away from the conviction that the Fed will cut rates several times this year.
The Fed’s James Bullard Pushes Back Against Wall Street The Federal Reserve has begun to push the market away from the conviction that the second half of this year will see interest rates falling significantly. Federal Reserve Bank of St.
