Further rate hikes should not be taken as a given: Fed's Bullard

Singapore

FURTHER interest rate hikes by the US central bank this year should not be projected as a given, and that any decisions on policy should depend on incoming data, said St Louis Federal Reserve Bank President James Bullard in Singapore on Monday.

While he acknowledged that US economic indicators are "looking good" so far, his recommendation is not to "prejudge" the outcome of the upcoming central bank policy meeting in December.

Mr Bullard, a non-voting member of the US Fed's monetary policy committee who is known to lean towards the dovish end of the spectrum, was speaking to the media on the …