Fed Governor Bullard’s comments in the past have been market movers but it’s too soon to say if Friday’s late comments would do the same.
Then he stated, “Markets appear ready for interest rate hikes since a rate hike has been priced in”.
Really? This was the message early Tuesday until a poll suggesting a BREXIT was likely. This unsettled investors and stocks fell modestly.
Economic data was mixed and it depends how on your view to reach your conclusion.
Personal Income rose to 0.4% but Personal Spending rose 1%. Some may find this good while others won’t