More hawkish comments from the St Louis Fed President
- Inflation data is also stronger but has not yet changed view that policy is on a path to neutral
- There is likely space for a gradual easing of policy towards neutral rate
- Stronger data likely pushing Treasury yields higher
- Too soon to understand new administration
- Rising bond yields also offer a sense of higher inflation risk and some sense the Fed may not cut as much
This article was written by Adam Button at www.forexlive.com.
