11 stories found
S&P 500 futures remain range-bound as market participants anticipate St. Louis Fed President James Bullard's successor speaking at Jackson Hole, while semiconductor stocks face pressure from mixed earnings signals.
Federal Reserve Bank of St. Louis President Alberto Musalem expressed a preference to raise rates at the July FOMC meeting and emphasized the need for meaningful restraint on inflation during an event in São Paulo.
A study by the St. Louis Fed indicates that the denial rate for mortgage loan applications rose to 15.1% in 2024 from 12.2% in 2021, a trend directly correlated with surging mortgage rates.
Ann Altman has filed an amended lawsuit in a St. Louis federal court, accusing her brother, OpenAI CEO Sam Altman, of sexual abuse that allegedly spanned over two decades, after an initial complaint was dismissed.
St. Louis Fed official Musalem stated that the recent bond sell-off underscores the importance of maintaining credibility in financial markets.
St. Louis Federal Reserve President Alberto Musalem expressed greater concern about inflation than employment, suggesting that interest rates will be held at current levels for 'some time'.
Two officials from the Federal Reserve have stated that they do not see an immediate necessity to alter current monetary policy.
Former St. Louis Fed president James Bullard stated that a September interest rate hike by the Federal Reserve is not a bad idea, discussing the economic outlook on Bloomberg Surveillance.
James Bullard, former president of the St. Louis Federal Reserve, suggested that Fed Chair Kevin Warsh could decide on policy changes without prior market signaling, potentially triggering significant volatility for traders.
St. Louis Fed President James Bullard has given Federal Reserve Chair Jerome Powell high marks for his handling of the pandemic response but a weaker grade regarding inflation.