Free Trial

Bullard Headlines A Light Docket

STIR FUTURES
  • Fed Funds implied hikes sit unchanged from yesterday’s decline for upcoming meetings (52bp Jun, 102bp Jul) but firm slightly further out (142bp Sep, 196bp Dec).
  • Bullard (’22 voter) interview with FOX Business at 1300ET. He last spoke on May 17 noting the Fed has a good plan in place to tackle inflation, is on course for 50bp hikes at coming meetings with tighter Fed policy already in markets and that must monitor the impact of global QT.
  • Kashkari (’23) late yesterday: “We know we have to get inflation down, we're going to do everything we can to achieve a quote-unquote soft landing, but I'll be honest with you, I don't know the odds of us pulling that off.”

Source: Bloomberg

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.