St Louis Fed president James Bullard comments in interview with Fox Business
- Trump has more influence on the Fed with appointments than with his tweets
- Most of my colleagues see a high chance of a September rate hike
Currently, Fed funds futures have a rate hike for 26 September pretty much baked in already. The probability priced is a whopping 95.2% at the moment. And Bullard's message here pretty much reaffirms that notion.
The real question will be on the likelihood of a December rate hike. The market will surely be looking for clues later this month with regards to that.
