Research Team at ANZ, notes that the St. Louis Fed President (and FOMC voter) Bullard spoke in Arkansas yesterday and said that December is ‘most likely’ for the next rate hike.
“But he also said that “the bottom line: low interest rates are likely to continue to be the norm over the next 2 to 3 years.” Of note, he also said that “the St. Louis Fed’s conclusion is that a single 25bp increase in the policy rate” will bring the US very close to Taylor rule value, suggesting the post-hike period could be a bit of an anti-climax, leaving US bond yields meandering over 2017.”
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.