Beijing Bullard on the wires

  • Smoothed measure of inflation have been rising over the last year

  • Inflation will be an important factor supporting the FOMC's view on expected path for rates

  • Says negative international influences on US are waning

  • US labour market performance has been very good

  • Growth inconsistent with slow rising path of policy rate

  • Some data supports the markets view, some supports the FOMC's view

Bullard's on tour over in China. He's a voter this year. The comments are pretty much a repeat of one's he gave at the beginning of May. Despite the fact that he's never short of a quote, he's remained markedly quiet on pumping dates for the next hike.