Fed's Bullard: no reason to hike interest rates further

Haresh Menghani FXStreet

St. Louis Fed President James Bullard, during a scheduled speech on Wednesday, said that the Fed does not need to raise its benchmark interest rate much further given how close it is to the neutral rate.

Additional quotes:

• Inflation remains low and is expected to move somewhat higher during 2018

• US GDP growth looks uncertain for Q1

• Could see yield curve inversion later this year

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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