Bullard predicts Fed rate hike in September

Jim Bullard, president of the Federal Reserve Bank of St. Louis, said Monday an interest rate hike is unlikely at the Fed’s meeting next week, but the odds are strong for one at its September meeting. “Next week might be a little early,” Bullard said on the Fox Business Network. “I think we will use that meeting to assess the data. I’d see September having more than a 50 percent probability right now.” Asked whether he thinks the economy can handle a rate increase, Bullard said, “Oh,…
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