4:28 PM · 18 May 2023

BREAKING: Bullard maintains his support for further interest rate hikes!

Bullard from the US Federal Reserve commented that he supports further interest rate hikes in the US and higher rates overall serve as good protection against inflation. However, Bullard's statement also contained a dovish element as he mentioned being open to considerations during the upcoming FOMC meeting before making specific decisions. According to Bullard, the panic surrounding the banking sector was exaggerated and the recent decline in yields will have a much greater impact on the economy.

Source: xStation %

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