{"id":69851,"date":"2022-08-10T01:11:39","date_gmt":"2022-08-09T21:11:39","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=69851"},"modified":"2022-08-10T01:11:40","modified_gmt":"2022-08-09T21:11:40","slug":"feds-bullard-wants-rates-at-4-by-december-2022","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-bullard-wants-rates-at-4-by-december-2022\/08\/10\/market-updates\/","title":{"rendered":"Fed&#8217;s Bullard wants rates at 4% by December 2022"},"content":{"rendered":"\n<p>The Federal Reserve will get prepared to hold interest rates &#8220;higher for longer&#8221; in case  inflation continue to surprise to the upside, and market pricing will need to adjust accordingly, Fed&#8217;s St. Louis president James Bullard said on Tuesday who wants rates at 4% by the end of the year. <br><br><strong>US CPI Closely Eyed<br><\/strong><\/p>\n\n\n\n<p>Investors will be fixated on the US inflation data coming out in the US session later today. Prices likely rose by a level that will prompt further interest rate hikes from the Federal Reserve. Combined with last week&#8217;s NFP report, the Fed is expected to hike interest rates by another 75 basis points at the next Fed meeting in September.<br><br>While a slowing headline reading could lead some investors to believe the Fed can stop hiking, markets expect the Fed to take rates to 3.75% by December, given that the consensus is that CPI will have risen less in July by comparison to what June&#8217;s reading showed, 9.1% vs. 8.8% expected whereas tomorrow&#8217;s data is expected to come below 9%. <br><br>The US 10-year yield, illustrated on the daily chart above, has corrected towards the neckline of the W-formation on the daily chart within the lower boundary of the broadening formation.<br><br>In turn, if the price hold above the flagged levels on the chart above, then a break of the trendline resistance could result in a rally in yields.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve will get prepared to hold interest rates &#8220;higher for longer&#8221; in case inflation continue to surprise to the upside, and market pricing will need to adjust accordingly, Fed&#8217;s St. Louis president James Bullard said on Tuesday who wants rates at 4% by the end of the year. US CPI Closely Eyed Investors &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":[8121,6885,8143],"class_list":["post-69851","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bullard","tag-fed","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69851","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=69851"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69851\/revisions"}],"predecessor-version":[{"id":69854,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69851\/revisions\/69854"}],"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=69851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}