{"id":47210,"date":"2021-06-19T03:14:00","date_gmt":"2021-06-18T23:14:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=47210"},"modified":"2021-06-19T06:14:48","modified_gmt":"2021-06-19T02:14:48","slug":"fed-officials-express-varied-opinions-on-rate-hikes","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/fed-officials-express-varied-opinions-on-rate-hikes\/06\/19\/market-updates\/","title":{"rendered":"Fed Officials Express Varied Opinions on Rate Hikes"},"content":{"rendered":"\n<p>The President of the Federal Reserve Bank of St. Louis, James Bullard, is expecting an interest rate hike in 2022, due to the rise in inflation rate above the 2% target.<\/p>\n\n\n\n<p>\u201cWe were expecting a good year, but this is a bigger year than we were expecting, more inflation than we were expecting. And I think it&#8217;s natural that we&#8217;ve tilted a little bit more hawkish here to contain inflationary pressures,\u201d Bullard told CNBC on Friday.<\/p>\n\n\n\n<p>\u201cI would be a little concerned about feeding into the housing froth that seems to be developing. I&#8217;m leaning a little bit toward the idea that maybe we don&#8217;t need to be in mortgage-backed securities.\u201d<\/p>\n\n\n\n<p>Meanwhile, the President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, expressed is opposition to raising interest rates through 2023, with the rise in inflation seen as transitory.<\/p>\n\n\n\n<p>Kashkari told Reuters that the historically low interest rates are helping more people find work.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The President of the Federal Reserve Bank of St. Louis, James Bullard, is expecting an interest rate hike in 2022, due to the rise in inflation rate above the 2% target. \u201cWe were expecting a good year, but this is a bigger year than we were expecting, more inflation than we were expecting. And I &hellip;<\/p>\n","protected":false},"author":10,"featured_media":32921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6867],"class_list":["post-47210","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-federal-reserve"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=47210"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47210\/revisions"}],"predecessor-version":[{"id":47211,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47210\/revisions\/47211"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32921"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=47210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=47210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=47210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}