Bullard says would not object to June hike, but disagrees with idea rates need to move steadily up from there

Market news

22 May 2017

Bullard says would not object to June hike, but disagrees with idea rates need to move steadily up from there

Feels Trump presidency likely to continue period of political volatility but markets can learn to get used to it
Controversy in Washington has not yet had appreciable economic impact
Expects "minimal" impact from balance sheet reduction on bond markets, assuming policy change communicated and managed appropriately

Positive start of trading on the main European stock markets is expected: DAX + 0.2%, CAC40 + 0.3%, FTSE + 0.5%.

U.S. economy seen growing 2.32 pct in second quarter vs 1.88 pct estimate may 12 - N.Y. Fed's nowcast model

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