Fed's Bullard: In December projection expected end 2023 rate to be in the 5.25% -5.5% range - WSJ

The number: Industrial production fell 0.7% in December, the Federal Reserve reported Wednesday. It is the biggest monthly decline since September 2021. The decline was steeper ...

tweet at 9:21am: ECB'S REHN TO FINNISH DAILY HS: SIGNIFICANT RATE HIKES ARE JUSTIFIED NEAR TERM TO KEEP INFLATION EXPECTATIONS UNDER CONTROL tweet at 9:23am: ECB'S REHN TO FINNISH DAILY HS: IN THE FORESEEABLE FUTURE, SUBSTANTIAL RATE INCREASES ARE NECESSARY TO MAINTAIN LOW INFLATION EXPECTATIONS. tweet at 9:32am: ECB'S REHN: IT IS TOO EARLY TO ASSESS THE RATE PATH.The Governor of the Bank of Finland, Olli Rehn, still supports significant interest rate increases According to Olli Rehn , the Governor OF THE BANK OF FINLAND , the European Central Bank should continue to significantly tighten monetary policy at least through the spring and winter. "It is necessary to continue acting consistently so that inflation expectations remain anchored. Significant interest rate increases in the near-term monetary policy meetings are justified in order to keep inflation expectations under control," says CEO Rehn. Interest rate increases are significant when they are at least 0.50 percentage points. Last December, the European Central Bank raised its key interest rates by 0.50 percentage points. Prior to that, key interest rates were raised twice by as much as 0.75 percentage points.

tweet at 9:37am: FED'S BULLARD: THE FED WANTS TO ERR ON THE SIDE OF CAUTION IN ORDER TO ALLOW A DISINFLATIONARY PROCESS TO TAKE HOLD. tweet at 9:39am: FED'S BULLARD: THE GLOBAL ECONOMY HAS IMPROVED. tweet at 9:40am: BULLARD: GLOBAL ECONOMIC FACTORS HAVE IMPROVED, WITH EASING RECESSION RISKS IN EUROPE AND CHINA MOVING TOWARDS REOPENING, BUT THAT COULD FEED INFLATION tweet at 9:42am: FED'S BULLARD: THE US GDP H2 2022 CAME IN MUCH STRONGER THAN EXPECTED. tweet at 9:42am: BULLARD: PROSPECTS FOR US ECONOMIC SOFT LANDING HAVE IMPROVED