A surprisingly hot inflation report this week has boosted the odds the Federal Reserve raises interest rates by 50 basis points at its meeting in March.
NFJ Investment Group Senior Portfolio Manager Burns McKinney discusses his view on inflation and the state of the economy on 'Mornings With Maria.'
James Bullard, president and chief executive officer at the Federal Reserve Bank of St. Louis, speaks during the National Association of Business Economics' Economic Policy Conference in Washington, D.C., on Feb. 26, 2018.its benchmark interest rate another quarter percentage point to a range of 4.5% to 4.75% and signaled that a "couple more" increases are on the table this year.
"It’s not always going to be, you know, 25 [basis points]," she said. "As we showed, when the economy calls for it, we can move faster, and we can do bigger at any particular meeting. And it’s going to be driven by how the economy is evolving."
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