Fed’s Bullard Says Better than 50% Chance of Rate Hike in September

There is a better than 50 percent chance that the Federal Reserve will raise interest rates in September, a top Fed official told the Fox Business network on Monday.

St. Louis Fed President James Bullard told Fox that the Fed should get ahead of the curve, as inflation will rise and labor market slack will end. Bullard, who is not a voting member on the Fed’s policy-setting committee this year, is a policy hawk who previously said the Fed has kept rates at near-zero levels for too long.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza