Search ForexCrunch

St Louis Federal Reserve President James Bullard is out on the wires stating what markets already know – the sustained labor market tightening is yet to translate into higher inflation.  

Key quotes (Source: Reuters)

  • Job market performing well but links to inflation weaker
  • Don’t have a lot of inflation in the US at the moment
  • Fed has already taken steps to pre-empt too-high inflation
  • Investors see the Fed undershooting inflation goal   this year
  • FOMC has moved in a more dovish direction
  • Fed doesn’t have to raise rates, at a good level