{"id":73136,"date":"2022-09-29T19:28:12","date_gmt":"2022-09-29T15:28:12","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=73136"},"modified":"2022-09-29T19:31:03","modified_gmt":"2022-09-29T15:31:03","slug":"feds-bullard-other-central-banks-will-have-to-react-to-feds-intentions","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-bullard-other-central-banks-will-have-to-react-to-feds-intentions\/09\/29\/market-updates\/","title":{"rendered":"Fed&#8217;s Bullard: Central banks to react to Fed&#8217;s intentions"},"content":{"rendered":"\n<p>St. Louis Federal Reserve Bank President James Bullard said on Thursday that the Federal Reserve is having to raise rates pretty rapidly to get to a minimally appropriate level to tackle inflation, as reported by Reuters.<br><br>The greenback stays on the backfoot after these comments and the US Dollar Index was last seen losing 0.27% on the day at 112.430.<br><br><strong>Key Quotes<br><\/strong> <br>&#8220;Fed always watches global market developments but is focused on US market and fundamentals.&#8221;<br><br>&#8220;Fed determined to get to the right level of policy rate.&#8221;<br><br>&#8220;Other central banks will have to react to Fed&#8217;s intentions.&#8221;<br><br>&#8220;Disinflation will come more through inflation expectations than demand adjustment.&#8221;<br><br>&#8220;Inflation will start to come down in 2023 but how fast is uncertain.&#8221;<br><br>&#8220;It is possible US will get a recession as Fed brings inflation down, but it is not my base case.&#8221;<br><br>&#8220;If US unemployment rises to 4.5%, that would still be a healthy labor market.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>St. Louis Federal Reserve Bank President James Bullard said on Thursday that the Federal Reserve is having to raise rates pretty rapidly to get to a minimally appropriate level to tackle inflation, as reported by Reuters.The greenback stays on the backfoot after these comments and the US Dollar Index was last seen losing 0.27% on &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53116,"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":[6885,6987,8212],"class_list":["post-73136","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-james-bullard"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73136","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=73136"}],"version-history":[{"count":5,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73136\/revisions"}],"predecessor-version":[{"id":73183,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73136\/revisions\/73183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53116"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=73136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=73136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=73136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}