Reported over 1 year ago
Former Federal Reserve Bank of St. Louis President James Bullard anticipates a gradual approach to US monetary policy easing, although the latest inflation data has raised expectations for an interest-rate cut in September. Bullard mentioned at a UBS Group AG event that the slow rate of cuts is due to the lack of urgency in the real economy. While Fed officials projected one cut in 2024, the market is pricing in two quarter-point rate reductions in November and December. Bullard revised his initial forecast of three rate cuts to two as inflation approached the central bank's target and the economy displayed resilience. He also predicted steady US 10-year Treasury yields in the mid-4% range by 2025.
Source: YAHOO