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Fed’s Bullard repeats view that Fed's expected rate hike path is overly aggressive

St. Louis Federal Reserve (Fed) President James Bullard comments on the inflation outlook during his scheduled speech in Tokyo.

Key Headlines via Reuters:

US price level has begun to deviate noticeably from expected path under 2% inflation target

Deviation from price-level path is not as bad as Japan’s case, but is worrisome

Repeats view that fed's expected rate hike path is overly aggressive

Fed’s Williams: View that 3 interest rate hikes is appropriate this year has not changed

San Francisco Federal Reserve (Fed) President John Williams crossed the wires earlier on the day, via Reuters, speaking on the central bank’s monetary
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AUD/USD hits 5-day low of 0.7430 on the broad based USD rally

Asian desks are buying US dollars in response to rising June Fed rate hike odds, courtesy of which the AUD/USD hit a 5-day low of 0.7423. The CME Fed
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