Investing.com – Fed member James Bullard said Wednesday a possible hike in December may be enough to make policy stance neutral.
"A single policy-rate increase (…) may be sufficient to move monetary policy to a neutral setting," Bullard said.
Investing.com’s Fed Rate Monitor Tool currently shows a 90.6% chance of a December hike.
Bullard said the recent surge in the dollar and bond yields are within the range of the last year, he said.
The dollar index is holding above 100 at 11-month highs; 30-year Treasury just below 3%.