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Bullard Sees Weak Data Contradicting FOMC's Rate-Hike Path
Bullard, who does not vote on the fomc this year, is one of its most dovish officials. In march he projected just one hike in the target range for the federal funds rate until end-2019. The median estimate among his colleagues is for two more hikes this year and for the benchmark rate, currently 0.75 percent to 1 percent, to be 3 percent by the end of 2019.
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