Fed’s Bullard: Global economy is in very good shape right now

Bullard on the outlook

  • Unemployment could go into 3% range
  • Feels like the Fed needs to debate the yield curve issue right now
  • Market doesn’t see ‘that much’ inflation pressure
  • We could have an inverted yield curve in six months.

Bill Gross wrote about the swaps curve yesterday and said it’s more important than the yield curve. It’s also nearly inverted.

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