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US stocks hold to gains despite Bullard's comments

Major US indices are set to open higher despite the more hawkish comments from Fed's Bullard. Bullard is a nonvoting member and one of the more hawkish of the Fed officials. Nevertheless, he was a leader in pushing the upside agenda in rates. He continues to see the terminal rate near 5.75% (ceiling of the 5.5% – 5.75% range). In doing so he is in the camp with Fed's Waller who on Friday said that the Fed was losing the inflation battle and implied multiple rate hikes were needed. The current... Read More

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Posted: Apr 18 2023, 13:22

Author Name: forexlive

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