Former Fed President: “Core Inflation Is Too High.” Here's Why the Fed May Not Be Done Tightening

Jim Bullard says the Fed is likely to resume tightening later this year even if it pauses in July. The message is a hawkish shift versus a pause-only narrative and could pressure rate expectations and bond yields into year-end. Net effect: less supportive for duration-sensitive assets.

Analysis

Jim Bullard says the Fed is likely to resume tightening later this year even if it pauses in July. The message is a hawkish shift versus a pause-only narrative and could pressure rate expectations and bond yields into year-end. Net effect: less supportive for duration-sensitive assets.