Free Trial

Bullard Favours 50bps Hike, Raises Prospect of Inter-Meeting Hike

FED
  • The greenback reverses losses as Treasuries come under further pressure following comments from Fed's Bullard. He stresses that he favours the first 50bps rate rise since 2000 and 100bps by the beginning of H2. Interestingly, Bullard mentions that the Fed should be open to considering an inter-meeting rate rise.
  • Bullard is among the most hawkish on the FOMC and is a voter this year (but not 2023, 2024).
  • Fed have hiked rates inter-meeting before, last was under Greenspan in April 1994, when they raised rates from 3.50% to 3.75%.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.