The President of the Federal Reserve Bank of St. Louis, James Bullardsaid on Thursday that the minimum level for a tight policy rate from the Federal Reserve (Fed) would be 5% to 5.25%as reported by Reuters.
Featured Statements
“Once the disinflation process begins, it could move quickly as companies compete to maintain market share.”
“Recent retail sales suggest that the household spending cushion is holding, a slowdown for the upcoming holiday shopping season would be nice.”
“October inflation data was encouraging but could easily go the other way next time, inflation is still bad.”
“Any signs of disinflation so far are tentative at best, but I hope 2023 is the year it happens.“.
“You don’t see much cooling in the job market.”
“The Fed will want to err on the side of keeping rates higher for longer to avoid the mistakes of the 1970s.”
“Housing is showing the impact of monetary policy, but it also boomed unexpectedly during the pandemic.”
Market reaction
The Dollar Index has dipped slightly in the past hour but is still up 0.6% to 106.90 at press time.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
