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Friday, March 24, 2017

Inflation has essentially returned to 2% says Fed's Bullard

  • Expects inflation to remain there
  • It's unwise to forecast a growth pickup in 2017
  • Labour market improvements have been slowing
  • A relatively low policy rate is likely to remain appropriate
  • Fed should be allowing the balance sheet to shrink now 
A relatively dovish message from Bolshie Bullard. That can change like the weather.

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