Bullard: April inflation 'hot' but does not see 75 bp Fed rate increase 'for now'

Thursday, May 12, 2022

(Reuters) - U.S. April inflation at 8.3% remained "hot" but does not yet require the Federal Reserve to switch to three-quarter point rate increases, St. Louis Fed President James Bullard said on Wednesday.

The Fed's current plan for half point increases is "a good benchmark for now," Bullard said on Yahoo Finance. Large increases are "not my base case ... I think we have a good plan in place," Bullard said.

The comments from one of the Fed's most vocal advocates of faster rate hikes show how tightly U.S. central bankers have coalesced around the plan outlined by Fed Chair Jerome Powell last week to raise rates by half a point at the next two Fed meetings, and take stock along the way of how inflation is behaving and what more might need to be done.

Bullard, however, repeated on Wednesday that he feels the Fed will need to keep moving in those half-point increments for the remainder of 2022, pushing the federal funds rate to a range of between 3.25% and 3.5% by the end of the year.

That's higher than the level many other Fed officials have projected so far.

But Bullard said data could push the Fed in either direction still.

"I think it is more state contingent ... We want to take it one meeting at a time. It is possible inflation could moderate a lot," he said. It is possible the real economy could take twists and turns ... We don't want to be promising today what we will do in December."

Leave your comment

APPROVED BROKERS

22-05-2022 11:52:50 (UTC+7)

EUR/USD

1.0562

-0.0024 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/USD

1.0562

-0.0024 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

GBP/USD

1.2489

+0.0029 (+0.23%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (5)

USD/JPY

127.86

+0.07 (+0.05%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (3)

AUD/USD

0.7039

-0.0008 (-0.11%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (3)

USD/CAD

1.2839

+0.0014 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (1)

EUR/JPY

135.05

-0.24 (-0.18%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (2)

EUR/CHF

1.0296

-0.0005 (-0.05%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Gold Futures

1,845.10

+3.90 (+0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Silver Futures

21.765

-0.143 (-0.65%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (6)

Copper Futures

4.3042

+0.0212 (+0.49%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

Crude Oil WTI Futures

110.35

+0.46 (+0.42%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

Brent Oil Futures

112.91

+0.87 (+0.78%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Natural Gas Futures

8.058

-0.250 (-3.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

US Coffee C Futures

216.48

-2.22 (-1.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Euro Stoxx 50

3,657.03

+16.48 (+0.45%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (9)

Sell (1)

S&P 500

3,901.36

+0.57 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

DAX

13,981.91

+99.61 (+0.72%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,389.98

+87.24 (+1.19%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (7)

Sell (2)

Hang Seng

20,717.24

+596.56 (+2.96%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

US Small Cap 2000

1,773.27

-2.96 (-0.17%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

IBEX 35

8,484.50

+78.50 (+0.93%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (5)

Sell (2)

BASF SE NA O.N.

48.850

-0.010 (-0.02%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

Bayer AG NA

63.74

+0.34 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Allianz SE VNA O.N.

195.58

+0.78 (+0.40%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (0)

Adidas AG

172.80

+0.92 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Deutsche Lufthansa AG

6.852

+0.049 (+0.72%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

Siemens AG Class N

115.08

+2.62 (+2.33%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (4)

Deutsche Bank AG

9.362

-0.130 (-1.37%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

EUR/USD	1.0562	↑ Buy
GBP/USD	1.2489	Neutral
USD/JPY	127.86	Neutral
AUD/USD	0.7039	Sell
USD/CAD	1.2839	↑ Buy
EUR/JPY	135.05	Neutral
EUR/CHF	1.0296	↑ Buy

Gold	1,845.10	↑ Buy
Silver	21.765	↑ Sell
Copper	4.3042	↑ Buy
Crude Oil WTI	110.35	↑ Sell
Brent Oil	112.91	↑ Sell
Natural Gas	8.058	↑ Sell
US Coffee C	216.48	↑ Buy

Euro Stoxx 50	3,657.03	↑ Buy
S&P 500	3,901.36	↑ Buy
DAX	13,981.91	Buy
FTSE 100	7,389.98	Neutral
Hang Seng	20,717.24	↑ Sell
Small Cap 2000	1,773.27	↑ Buy
IBEX 35	8,484.50	Neutral

BASF	48.850	Buy
Bayer	63.74	Buy
Allianz	195.58	Buy
Adidas	172.80	Buy
Lufthansa	6.852	↑ Sell
Siemens AG	115.08	Neutral
Deutsche Bank AG	9.362	Buy

Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG
SJC Eximbank	6,875/ 6,975 (6,875/ 6,975) # 1,795
SJC HCM	6,895/ 6,985 (0/ 0) # 1,800
SJC Hanoi	6,895/ 6,987 (0/ 0) # 1,802
SJC Danang	6,895/ 6,987 (0/ 0) # 1,802
SJC Nhatrang	6,895/ 6,987 (0/ 0) # 1,802
SJC Cantho	6,895/ 6,987 (0/ 0) # 1,802
Cập nhật 22-05-2022 11:52:52
Xem lịch sử giá vàng SJC: nhấn đây!

ↀ Giá vàng thế giới
$1,846.53	+4.27	0.23%

ʘ Giá bán lẻ xăng dầu
Sản phẩm	Vùng 1	Vùng 2
RON 95-V	30.580	31.190
RON 95-III	29.980	30.570
E5 RON 92-II	28.950	29.520
DO 0.05S	26.650	27.180
DO 0,001S-V	27.450	27.990
Dầu hỏa 2-K	25.160	25.660

ↂ Giá dầu thô thế giới
WTI	$109.83	0	0%
Brent	$110.60	0	0%

$ Tỷ giá Vietcombank
Ngoại tệ	Mua vào	Bán ra
USD	23.000,00	23.310,00
EUR	23.879,54	25.217,23
GBP	28.128,10	29.328,16
JPY	176,49	186,84
KRW	15,80	19,26
Cập nhật lúc 11:45:35 22/05/2022 Xem bảng tỷ giá hối đoái