Bullard Says September Fed Rate Hike Is Acceptable
· World · Bloomberg, Economic Times
James Bullard, the former president of the St. Louis Fed, said a September rate hike is not too bad of an idea for the U.S. monetary authority. He also serves as dean of Purdue University's Mitch Daniels School of Business. Bullard indicated that the Fed could consider raising rates in September. The comment arrives as markets weigh potential policy moves for the November Fed meeting. No specific rate figure was announced, and the Fed has not set a detailed schedule. The remark reflects ongoing debate among economists about the proper timing of further tightening.
Why it matters
U.S. rate decisions influence the value of the dollar, affect global capital flows, and impact the rupee and inflation expectations in India.
Read the original report — Bloomberg
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.