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The Fed: Fed’s Bullard expects a total of a half-point ‘insurance’ rate cut by year end, largely owed to trade jitters

Expect known dove St. Louis Federal Reserve President James Bullard to again vote for a quarter-point interest-rate cut when the central bank meets at month’s end, a move he’s signaled in recent interviews and again on Wednesday.

And Bullard is likely to push for one additional quarter-point reduction by the end of the year, assuming economic conditions don’t change much, he said at an appearance at Washington University in St. Louis.

Bullard in June dissented from the Fed decision to hold rates steady and was in favor of a quarter-point rate cut then. He said in an interview with Bloomberg around that time that he thought a quarter-point cut would be a wise “insurance” move.

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