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12/7, 7:50 PM (Source: TeleTrader.com)
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Bullard: Fed could postpone December rate hike

President of the St. Louis Federal Reserve bank James Bullard said on Friday that the Fed could consider delaying its widely anticipated December interest rate hike til January because of an inverted yield curve. "Yield curve inversion is a naturally bearish signal for the economy. This deserves market and policymaker attention," he highlighted.

Bullard will be a voting member on the Federal Open Market Committee in 2019. On Thursday, a report suggesting the Fed is mulling a more cautious approach to interest rate hikes emerged. Meanwhile, a weaker-than-expected jobs report from the Department of Labor revealed the US economy added 155,000 jobs last month earlier in the day, leading investors to believe the central bank could take a different approach to hiking rates.

Breaking the News / JC