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Markets Not on Same Page as Fed on Rates

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Federal Reserve (Fed) policymaker James Bullard has declared that the path of inflation in the U.S. is “worrisome”, speaking in Tokyo on Friday.

The U.S. central bank’s plan for raising interest rates in the coming years is also too aggressive, asserted the St. Louis Fed president, whose dovish views are well-known.

The comments caused a minor sell-off in U.S. Treasury bonds with the yield on 10-year securities dropping by around 1 basis point to 2.24 percent and causing a mild flattening of the yield curve.

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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