Fed should stand pat on interest rates for now-Bullard

In India between 2009 and 2014 the annual inflation rate was in double digits

In India between 2009 and 2014 the annual inflation rate was in double digits

USA jobless rate dropped to 4.1 percent in October, a new 17-year low, while the personal consumption expenditures price index, an inflation gauge preferred by the Fed, rose only 1.6 percent in September, far short of the Fed's 2 percent target.

Bullard, who regains a vote on the Fed's policy-setting committee in 2019, also said he expects economic growth for the second half of 2017 to exceed expectations but that it will then resume a slower path next year.

He expected that the economy would continue to grow "a bit above 2 percent" in the foreseeable future, and the unemployment rate would remain around 4 percent.

Walker signs off on removing minimum hunting age in Wisconsin
The Wisconsin Department of Natural Resources is also testing for Chronic Wasting Disease in nearby counties. The bill becomes effective February 1, 2018, or the day after publication of the bill, whichever is later.

USA inflation expectations edged up again in October, touching their highest level in six months, according to a Federal Reserve Bank of NY survey that could spell some relief for central bankers looking for hints of price pressure.

The Federal Reserve should keep its benchmark interest rate at current levels until there is an upswing in inflation, St. Louis Fed President James Bullard said on Tuesday. Market investors now widely expected that the central bank would raise interest rates again at the meeting.

Both gauges have generally slipped since the survey began in mid-2013, covering a period in which spot inflation levels have lingered below a 2-percent Fed target.

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