Markets Not on Same Page as Fed on Rates

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 Currency Analyst at OANDA
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 Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. 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.