Fed’s James Bullard hikes his own rate forecast as inflation ragesReuters

Bullard said he thinks the target federal funds rate will need to rise to a range between 5.5% and 5.75% this year, a quarter point higher than he projected in December.Bullard said he thinks the target federal funds rate will need to rise to a range between 5.5% and 5.75% this year, a quarter point higher than he projected in December.