Short Yields Rise and Long Yields Plunge as Fed Member Goes Off Script

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Short Yields Rise and Long Yields Plunge as Fed Member Goes Off Script

06/18/2021

St. Louis Fed President James Bullard told CNBC’s Squawk Box this morning that he believes it would be prudent to begin hiking the overnight target rate late next year with inflationary pressure proving hotter than the Fed had anticipated. This is quite a bit earlier than the most recent dot plot had revealed on Wednesday afternoon.

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