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Fed's Bullard says 'biggest growth quarter of all time' will lift inflation

From cnbc.com

St. Louis Federal Reserve President James Bullard offered an optimistic look on the U.S. economy, with “off the charts” growth that will help lift inflation. Bullard also said he sees the unemployment rate falling to 6.5% by the end of the year, an estimate well below the median projection of 7.6% that his Fed colleagues released earlier this week. Unemployment in August was 8.4%, down from the pandemic peak of 14.7%. “This is the biggest growth quarter of all time in the U.S.,” he said during a moderated discussion with the Boeing Center for Supply Chain Innovation. “It looks like 30% at an annual rate. Crazy ... (full story)

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  • Category: Fundamental Analysis