Bullard: Fed Could Cut Rates as Soon as March to Get Ahead of Falling Inflation
• Bullard projects rate cuts as soon as March, before inflation hits 2% target • PCE price index fell to 2.6% in November, next report Friday • Falling inflation could prove challenging if Fed doesn't move policy in time • Bullard's comments pushed Treasury yields lower across curve • ING economists see May as more likely start for Fed easing vs March market pricing