County St. Louis Financial News
13.02 / 13:47
Citi
Inflation Was Hottest in Atlanta, Mildest in San Francisco in 2021
Consumer prices rose faster last year in large U.S. metropolitan areas seeing an influx of new residents than in the nation overall, while inflation was milder in large coastal cities with less population growth.
11.02 / 21:07
FIVE
CEO
CME
Jeffrey Gundlach says the Fed is obviously behind the curve, will raise rates more than expected
DoubleLine Capital CEO Jeffrey Gundlach said Friday the Federal Reserve is failing in its battle against a spike of inflation, and the central bank is slated for accelerating rate hikes this year.
11.02 / 16:45
FIVE
Action
Remark
rate hikes
The Fed is likely to still take a measured approach to rate hikes despite calls for bigger action
Several Federal Reserve officials, both privately and publicly, are pushing back against calls by St. Louis Fed President Jim Bullard Thursday for super-sized rate hikes, and instead suggesting the central bank is likely to embark initially on a more measured path.
11.02 / 02:13
UPS
NASDAQ
DOW
Stock futures are flat following a steep sell-off spurred by hot inflation
Stock futures were flat in overnight trading Thursday after a sharp sell-off on Wall Street spurred by the hottest inflation reading in four decades.
13.01 / 14:17
Fed's Bullard: Four Interest Rate Rises in 2022 Now Appear Likely
Federal Reserve Bank of St. Louis President James Bullard said the U.S. central bank will need to move more aggressively on rate rises this year as it seeks to stem an inflation surge, amid a job market that could see the unemployment rate fall below 3% by the end of the year.
07.01 / 01:17
Target
Action
Fed’s Bullard Eyes Three Rate Rises This Year, Says Fed Must Defend Inflation Credibility
Federal Reserve Bank of St. Louis President James Bullard said the U.S. central bank may need to raise its short-term interest rate target as soon as its March meeting, and follow that action in fairly short order by allowing its massive balance sheet to shrink.
30.11 / 13:57
Gas Prices Pressure Drivers’ Finances
Rachel Gould spends $50 on gas taking her two special-needs children on the three-hour trip from her home in Central Illinois to a hospital in St. Louis. That is roughly a 60% increase from the same time last year.
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