Fed's Bullard: inflation expectations are beginning to firm up

Joshua Gibson FXStreet

St. Louis Fed head James Bullard spoke with media today, outlining his take on US inflation and growth rates looking forward.

Bullard stated that he expects global growth, which was strong for 2017, to moderate somewhat in 2018, while he noted that there is a lot of support from policy makers to review the Fed's inflation framework while the economy is not a crisis, while inflation expectations are being bolstered by rising oil prices. Bullard also cautioned that agricultural firms, especially those within his constituency, are concerned about the impact of trade tensions in food markets, especially soy, making a nod to the ongoing US-China trade spat that has so far seen little resolution.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD trims losses and returns to the 1.1750 area

The US Dollar resumed its decline in the American afternoon, helping EUR/USD trim early losses. The pair trades around 1.1750 as market participants gear up for the European Central Bank monetary policy decision and the United States Consumer Price Index.