Published 3 years ago

St. Louis Fed President sees first interest rate hike in 2022

Summary by Ground News

James Bullard, the president of the Federal Reserve Bank of St. Louis, predicted during an interview with CNBC that the central bank would raise interest rates in late 2022 due to rising inflation. Bullard said he expects inflation to grow at a 3 percent rate in 2021 and a 2.5 percent rates in 2022.

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Yahoo News

Fed official sees first interest rate hike next year, not in 2023, thanks to inflation

St. Louis Federal Reserve Bank President James Bullard sent markets tumbling on Friday when he predicted an interest rate hike in late 2022, earlier than the central bank consensus.

3 years ago·Los Angeles, United States

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CNBC

Fed's Jim Bullard sees first interest rate hike coming as soon as 2022

St. Louis Federal Reserve President James Bullard told CNBC that he sees an initial interest rate increase happening in 2022 as inflation picks up.

3 years ago·United States

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CBS News

Stocks fall on prospect of Fed rate hikes as soon as 2022

Top Fed official says first rate increase could come as soon as next year, a year earlier than previous estimate.

3 years ago

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The Hill

St. Louis Fed President sees first interest rate hike in 2022

James Bullard, the president of the Federal Reserve Bank of St.

3 years ago·Washington, United States

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Washington Examiner

Fed official sees first interest rate hike next year, not in 2023, thanks to inflation

The U.S. Federal Reserve building stands in Washington, D.C., U.S. on Thursday, Feb. 22, 2018. Federal Reserve Chairman Jerome Powell testifies next week before Congress for the first time as central bank chief. (Joshua Roberts/Bloomberg)Fed official sees first interest rate hike next year, not in 2023, thanks to inflation Zachary Halaschak June 18, 10:57 AMJune 18, 11:09 AMSt. Louis Federal Reserve Bank Pres…

3 years ago·Washington, United States

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WKMG

US stocks lower after Fed official sees rate hikes in 2022

Stocks were broadly lower Friday after a Federal Reserve official said that the nation’s central bank might need to raise interest rates as early as next year, sooner than the Fed’s latest estimate of possible rate increases in 2023. The S&P; 500 index fell 0.8% as of 1:12 p.m. Eastern. Every sector in the benchmark index fell, with the largest declines coming from banks and technology companies. The Dow Jones Industrial Average fell 397 points,…

3 years ago·Orlando, United States

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