{"id":58285,"date":"2022-01-13T03:34:47","date_gmt":"2022-01-12T23:34:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=58285"},"modified":"2022-01-13T03:34:51","modified_gmt":"2022-01-12T23:34:51","slug":"feds-bullard-four-rate-hikes-in-2022-now-very-likely","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-bullard-four-rate-hikes-in-2022-now-very-likely\/01\/13\/market-updates\/","title":{"rendered":"Fed&#8217;s Bullard: Four Rate Hikes In 2022 Now Very Likely"},"content":{"rendered":"\n<p>According to Federal Reserve Bank of St. Louis President James Bullard, four rate hikes in 2022 now appear very likely in the face of high inflation, a rate hike in March seems on the table. The labour market is as tight as anyone has ever seen it, Bullard added in a interview with the WSJ that the unemployment rate may fall below 3.0% this year. <br><br>During an interview with The Wall Street Journal\u2019s Michael S. Derby on Wednesday, Bullard stressed that raising interest rates will be \u201csooner rather than later\u201d.<br><br><strong>Key Remarks: <\/strong><br>&#8220;Rate hikes should be accompanied by balance sheet reductions.&#8221;<br><br>&#8220;High inflation necessitates policy tightening sooner rather than later.&#8221;<br><br>&#8220;The majority of what is driving inflation right now is demand.&#8221;<br><br>&#8220;I expect inflation to ebb to 3.0% annualised by the end of 2022.&#8221;<br><br>&#8220;Liquidity in 2021 may be eliminated with minimal disruption.&#8221;<br><br>&#8220;An earlier start to rate hikes could help the Fed avoid a more hawkish rate path.&#8221;<br><br>&#8220;Fed&#8217;s asset purchases in 2021 were more than the economy required.&#8221;<br><br>&#8220;The Fed&#8217;s pandemic aid is a driver of the present level of inflation.&#8221;<br><br>&#8220;The monetary and fiscal assistance provided in response to the pandemic may have been excessive.&#8221;<br><br>&#8220;Fed should have stopped purchasing assets sooner than it is right now&#8221;. <br><br>As for markets\u2019 reaction, the hawkish language by Bullard has done little to stem what has been a severe tide of dollar selling on Wednesday, with the DXY still trading underneath the 95.00 level and eyeing a test of support in the 94.50s.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Federal Reserve Bank of St. Louis President James Bullard, four rate hikes in 2022 now appear very likely in the face of high inflation, a rate hike in March seems on the table. The labour market is as tight as anyone has ever seen it, Bullard added in a interview with the WSJ &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53410,"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":[37,36],"tags":[6885,6987,8143,8212,7822,7187,8496,8445,6871,7602],"class_list":["post-58285","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-interest-rate-hikes","tag-james-bullard","tag-labour-market","tag-stimulus","tag-tightening-monetary-policy","tag-us-balance-sheet","tag-usd","tag-usd-index"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58285","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=58285"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58285\/revisions"}],"predecessor-version":[{"id":58289,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58285\/revisions\/58289"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53410"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=58285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=58285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=58285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}