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Feds Bullard: Sees restrictive policy rate between 5.5% and 5.75 range
Fed's Bullard in a Reuters interview says:US recession predictions ignore strength of labor marketPandemic savings still to be usedNot much clear progress on inflation means interest rate needed to continue to riseStill sees adequately restrictive policy rate at 5.5% – 5.75% range, bias to hold for longer until inflation containedRisk of bank stress causing broad problems seems to have diminishedFed should avoid extensive forward guidance and next meeting, keep options openFed Bullard and Feds W...
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Posted: Apr 18 2023, 13:03
Author Name: forexlive
Views: 102244
