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
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