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That Rate Rise Is Coming: Fed's Bullard Says Everyone Seems Prepared
That interest rates are going to rise at some point is obvious. The only uncertainties are over when and by how much. And the various people at the Federal Reserve have been trying to prepare us for the next, coming, rise by telling us the conditions under which one will occur and then gently pointing out that those conditions are being met. So, we’ve had Janet Yellen telling us that economic conditions are improving and so on. And now we’ve got James Bullard telling us that the markets all seem nicely braced for a rise. Of course, Yellen wouldn’t be raising rates if economic conditions were not improving, ... (full story)
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