Fed’s Bullard – Next rate hike may not be far off

New York Fed’s James Bullard was on the wires stating the bank’s forecast suggests next move higher in the rates may not be far off.

Key Quotes

March pause put weight on global growth downgrade

Downgrades in March forecasts were relatively minor

Inflation and financial conditions are about the same as they were for the Dec meeting

The macro outcome of moving at one meeting vs another is pretty small