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Fed's Bullard Hawkish Remarks Strengthen May 25bps Rate Hike, Investors Abandon July Cut Expectations
Tuesday, April 18, 2023 - 10:43am | 415President of the Federal Reserve Bank of St. Louis, James Bullard, delivered hawkish remarks in an exclusive interview with Reuters on Tuesday, saying that interest rates should rise to 5.5-5.75% range. Here are the main takeaways from Bullard's interview: Bullard continues to envision a...
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Fed Officials Hint At More Hikes, And 'Buy Now, Pay Later' Platforms Are Booming: What Consumers Should Know
Wednesday, November 30, 2022 - 6:16pm | 948As Fed officials propose new hikes in interest rates, consumers have taken to “Buy Now, Pay Later” lending platforms. Are these platforms a haven or a burden on the tightening budgets of the American middle class? More Rate Hikes Coming, But Likely Smaller While the markets are...
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Bitcoin Surges On Break Of Key Pattern: What To Watch As The Crypto Barrels Into 2 Key Events
Tuesday, February 15, 2022 - 10:42am | 727At 10:00 p.m. EST Feb. 14, Bitcoin (CRYPTO: BTC) broke up from a bull flag pattern, which Benzinga called out on Sunday, on higher-than-average volume and on Tuesday morning was surging over 4% higher. Between 2:00 a.m. and 8:00 a.m. on Tuesday, the crypto was forming a bull flag pattern on the...
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Dow's Losing Streak Now Stands At 6 Days, S&P 500 And Nasdaq Slightly Positive
Thursday, October 16, 2014 - 5:07pm | 2915U.S. stocks were mixed on Thursday as the Dow Jones index traded lower by 206 points before recouping most of these losses. However, the index closed the day in negative territory for the sixth straight day, despite encouraging U.S. labor data being reported. Speaking to Bloomberg, St. Louis...
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Markets Gather Some Momentum As Volume Remains Light, Geopolitical Tension Improving
Thursday, August 14, 2014 - 4:37pm | 2822U.S. stocks rose to close the day with moderate gains despite a larger than expected increase in jobless claims. “The end of 2015 Q1 is still my preferred liftoff date,” St. Louis Fed President Jim Bullard told The Wall Street Journal. The end of the first quarter is ahead of the...
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Markets Slightly Lower As Bullard Hints Higher Rates Could Come Sooner Than Expected
Thursday, June 26, 2014 - 4:34pm | 2399U.S. stocks were little changed as investors digested comments coming from head of the Federal Reserve Bank of St. Louis. The Fed's Jim Bullard said that the 2.9 percent decline in the first quarter GDP is “giving me heartburn.” Bullard added that the worse than expected figure...
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Market Wrap For June 9: Markets Higher On St. Louis Fed Comments, Low Volume
Monday, June 9, 2014 - 4:42pm | 2188U.S. markets rose for the fourth straight session as investors positively digested comments coming from the St. Louis Fed. Jim Bullard, the St. Louis Fed chief said that inflation is low but moving back toward the two percent target. As such, Bullard argued that the Federal Reserve Open...
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Market Wrap For April 2: Markets On Four-Day Winning Streak
Wednesday, April 2, 2014 - 4:40pm | 2499U.S. stocks rose for the fourth-consecutive day as investors found plenty of positives in today's ADP National Employment Report released today. As a result, the S&P 500 hit new all time highs of 1,893.17 while the Dow remains just a few small points away from its all time highs. The next...
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Market Wrap For December 9: Investors Digest Further Clues Hinting at An Upcoming Taper
Monday, December 9, 2013 - 5:45pm | 1739According to Jim Bullard, the chances of the Fed tapering have increased due to recent labor market data. “There is no widely accepted reason why inflation is running as low as it is in the face of extraordinarily accommodative policy for the Fed,” he added. The St. Louis Fed chief added that...