Gold trades lower as Fed’s Bullard advocates front-loading rate hikes
Gold trades lower as Fed’s Bullard advocates front-loading rate hikes “Front-loading” is a process of distributing unevenly, with a greater proportion at the beginning of the process, and James Bullard thinks this should apply to rate hikes. In an interview with the Wall Street Journal James Bullard, President of the St. Louis Federal Reserve said that the “Federal Reserve should not stall” on raising its rates. He said that he likes the idea of “front-loading” rate hikes saying that “the…