St. Louis Federal Reserve President James Bullard speaks at a public lecture on "Slow Normalization or No Normalization" in Singapore May 26, 2016. REUTERS/Edgar Su
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St. Louis Federal Reserve President James Bullard said Monday that global markets appear to be "well-prepared" for a summer interest rate hike from the Fed, although he did not specify a date for the policy move.Bullard added a rebound in U.S. GDP growth seems to be materializing in the second quarter, but reserved his opinion on whether the Fed should hike in June or July for the next policy meeting at the U.S. central bank.The Fed most recently raised interest rates in December last year, which was the first rate hike in nearly a decade.
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