CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the High risk of losing your money.

Fed’s Bullard: Dissented because he feels factors behind weak inflation "unlikely" to be solely transitory

2019-06-21 18:10

St. Louis Fed President Bullard is on the wires now, via Reuters, justifying his decision to dissent on keeping rates steady at the FOMC meeting last Wednesday.



Key Headlines:




Dissented at Fed meeting because feels factors behind weak inflation "unlikely" to be solely transitory.



Wanted to cut rates as "insurance" against further declines in expected inflation and against largest than expected slowdown in economic growth.



Market-based inflation expectations have "weakened considerably" below Fed's 2 percent target.



Confident Fed will "respond accordingly" to economic developments.



This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

Economic news

    Exchange Rates

    GBPUSD +0.30% 1.29491
    EURUSD -0.21% 1.16458
    XAUUSD +0.50% 1878.28
    XTIUSD -0.82% 35.889
    NAS100 -1.13% 11100.5
    US30 +0.58% 26606.9