St. Louis Fed President James Bullard said in Seoul on Monday that global financial markets were "well-prepared" for an interest rate hike in the summer. He did not specify a date.
Bullard noted that the U.S. economy seemed to rebound in the second quarter.
St. Louis Fed president also said that an interest rate hike would depend on the incoming U.S. economic data.
Bullard is a voting member of the Federal Open Market Committee (FOMC) this year.
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.