Rates may rise in 2015

By Staff | April 3, 2014 | Last updated on April 3, 2014
1 min read

St. Louis Fed head James Bullard says rates could rise in early 2015, reports Business Insider, citing a Bloomberg radio interview with Bullard.

Read: Fed must stick with jobs mandate

He also predicts that the U.S. unemployment rate will drop to 6% by the end of the year. Bullard also said he’s more optimistic in his predictions than some of his colleagues, who forecast later rises.

In an earlier interview conducted in the last week of March, Bullard said the Federal Open Market Committee had not yet discussed when to begin raising the interest rate.

Read more here, here and here.

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Advisor.ca staff


The staff of Advisor.ca have been covering news for financial advisors since 1998.