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Fed’s Bullard Eager to Raise Rates Soon
Federal Reserve Bank of St. Louis President James Bullard is eager to start raising interest rates in the months ahead because the underlying economy is looking stronger. Mr. Bullard, in an interview with The Wall Street Journal Monday, said recent declines in U.S. Treasury bond yields don’t dissuade him of this view. Nor do movements in the market for Treasury Inflation Protected Securities, where investors are demanding less compensation for future inflation. Yields on 10-year Treasury notes dropped to 1.815% last week. They’ve fallen by more than 0.4 of a percentage point in three weeks, leading some investors ... (full story)
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