Fed’s Bullard: ‘Markets Are Well Prepared for Rate Hikes’

Fed’s Bullard is out tonight talking greasy about rate hikes. But you already knew this. Every single Fed member has indicated that rates are going higher this summer, including Yellen. This is the narrative.

“My sense is that markets are well-prepared for a possible rate increase globally, and that this is not too surprising given our liftoff from December and the policy of the committee which has been to try to normalize rates slowly and gradually over time,” Bullard told a news conference after speaking at an academic conference in Seoul.

“So my ideal is that if all goes well this will come off very smoothly.”

Will this send stocks lower? Of course it will. Don’t be stupid.