Fed's Bullard says only one more hike needed over next 30 months under current conditions
17 June 2016, 13:18
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St Lous Fed head Bullard back on the wires 17 June 2016
- maybe even more than 30 months
Oh no, Bully the Bore is going to give my typing fingers a real end of session test!
- economy may have slipped into slow-growth mode where appropriate Fed policy rate is 0.63% over a 30 month period
- barring unexpected shocks GDP growth at around 2%, unemployment of around 4.7% and inflation likely to anchor at 2% will persist in foreseeable future
Curreny pairs suitably unfazed but GBPUSD has rallied again to 1.4263 after EURGBP stopped right on the 0.7910 area I highlighted earlier and now 0.7891.
ForexLive the site that just keeps on giving
