Fed Bullard: Rates need to go a bit higher than I said before

St. Louis Fed President James Bullard said yesterday that inflation has “come in hotter” than he expected during Q2. Thus, “I think we’re going to have to go a little bit higher than what I said before.” He added that the federal funds rate will have to go to 3.75-4.00% by the end of the year, […]

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