St Louis Fed Pres James Bullard Says June Rate Hike Not Set in Stone, but Labor Data Favorable

A U.S. Federal Reserve rate hike in June or July wasn’t set in stone, but labor data suggested it was time to pull the trigger, St. Louis Fed President James Bullard told CNBC.

“There’s no reason to prejudge June,” Bullard said, adding that the Federal Open Markets Committee would look at the data and decide then.

Muddying the waters on the timing of the move, Bullard noted that there was no reason the Fed must hold a press conference in conjunction with a rate hike. A press conference is scheduled to follow the June 14-15 meeting, but one is not scheduled after the July 26-27 meeting.

CNBC

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.