Fed vs markets: We've won 3-2, says economist

Singapore

HE demurred on what exactly the US Federal Reserve will do in June, but St Louis Fed president James Bullard was unambiguous in declaring that the odds were in favour of a rate hike path faster than markets think.

Brandishing a bunch of confidence-boosting charts in a presentation to 120 institutional investors, Mr Bullard said that financial markets - which have been betting against a rate hike in June and later - were losing two goals to three.