Fed's Bullard: Policy not yet sufficiently restrictive to reduce inflation – by eren_fxstreet Fed CentralBanks
The US Federal Reserve's monetary policy is not yet in a range estimated to be sufficiently restrictive to reduce inflation, St. Louis Federal Reserve President James Bullard said on Thursday, as reported by Reuters.Even dovish assumptions about the state of monetary policy warrant further rate increases."
"Range of restrictive policy estimates could be lower if inflation falls, markets expect disinflation in 2023."Market reactioncontinues to push higher heading into the American session and was last seen gaining 0.8% on the day at 107.12. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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