It appears Jim Bullard's words (since his deeds are of no use as he is not a voter) were just enough to reassure the world that Yellen was "just kidding" about the whole global growth worries and market turmoil and is quiote ready to raise rates as soon as possible (even if FF futures say "nein"). EURUSD is now down over 250 pips since Friday highs, battered back near a 1.1100 handle...
- *BULLARD SAYS IT'S TIME TO GET OFF EMERGENCY FED POLICY SETTINGS
- *BULLARD SAYS DECISION TO HOLD RATES LAST WEEK WAS CLOSE CALL
- *BULLARD SAYS THERE'S A CHANCE OF OCTOBER RATE RISE BY FED
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Charts: Bloomberg
