Fed's Bullard: 50 bps rate increases at the coming meetings are a good base case for now

Joel Frank Independent Analyst

St Louis Fed President and outspoken hawkish FOMC member James Bullard on Tuesday said that 50 bps rate hikes at upcoming Fed meetings are a good base case for now, reported Reuters. Financial market tightening should already be lowering inflation, but also means a broad repricing of assets and more volatility.

The Fed wants to act in a way that is transparent and that causes the "least amount of disruption we can get", Bullard continued, noting that the Fed has a "good plan in place" to bring down inflation. China does not appear to have an exit strategy from the pandemic and lockdowns, he worried.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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