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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (34061)11/17/2022 9:23:36 AM
From: Les H  Read Replies (1) | Respond to of 50998
 
Market tumbles on comments FFR may reach 5-7 percent

St. Louis Fed President James Bullard noted that “the policy rate is not yet in a zone that may be considered sufficiently restrictive.”

Using the so-called Taylor Rule for monetary policy, Bullard suggested the proper zone for the fed funds rate could be in the 5%-7% range, higher than current market pricing and unofficial Fed forecasts indicate.

cnbc.com