St Louis Federal Reserve (Fed) President James Bullard is out on the wires now, via Reuters, commenting on the rate hike outlook and inflation expectations in Tokyo.
Key Headlines:
Fed should be cautious with further rate increases.
US policy possibly at neutral, so Fed should be cautious.
Inflation expectations are still a bit low.
It is a question of how far the Fed should go while ECB, BOJ remains on hold.
Slower pace of rate hikes could re-center expectations.
Aggressive pace of rate hikes could invert yield curve.
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