Asia markets to trade lower after Wall Street falls on concerns of more Fed rate hikes ahead
St. Louis Federal Reserve President James Bullard said Thursday that he pushed for a higher interest rate increase at the last meeting and could see a more aggressive move ahead.
"I was an advocate for a 50-basis-point hike and I argued that we should get to the level of rates the committee viewed as sufficiently restrictive as soon as we could," Bullard said during a speech in Tennessee, according to Reuters. Bullard added that he sees the larger economic trend moving toward disinflation, despite recent high readings for inflation.
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