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☆ Former St. Louis Fed president: Fed should cut by a quarter point and signal the same going forward
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer St. Louis Fed president: Fed should cut by a quarter point and signal the same going forwardJim Bullard, former St. Louis Fed president and Purdue University dean, joins 'Squawk on the Street' to discuss Bullard's base case for the Federal Reserve, if the Fed needs to be more explicit than usual, and much more.

Persons: Louis, Jim Bullard Organizations: Former, Louis Fed, Purdue University, Federal Reserve Locations: St

☆ St. Louis Fed Pres. Bullard: Markets hate uncertainties
▼ + stars: | 2023-10-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSt. Louis Fed Pres. Bullard: Markets hate uncertaintiesJim Bullard, former St. Louis Fed president, joins 'Squawk on the Street' to discuss how Bullard thinks about the macroeconomy relative to the moves in treasuries, Friday's jobs report, and if recent geopolitical events will have any impact to the United States' rate trajectory.

Persons: Louis Fed Pres, Jim Bullard, Louis, Bullard Organizations: St, Louis Fed Locations: St, treasuries, United States

☆ St. Louis Fed President Bullard says he's stepping down in August
▼ + stars: | 2023-07-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, delivers a speech in London, U.K., on Tuesday, Oct. 15, 2019. The St. Louis Federal Reserve announced Thursday that Jim Bullard will step down from his post as president, effective Aug. 14. "It has been both a privilege and an honor to be part of the St. Louis Fed for the last 33 years, including serving as its president for the last 15 years," Bullard said in a statement. "I am also grateful to have worked alongside such dedicated and inspiring colleagues across the Federal Reserve System." The St. Louis Fed said it will hire a "national executive search firm" to assist in seeking Bullard's successor.

Persons: James Bullard, Louis, Jim Bullard, Purdue University's Mitchell E, Daniels, Jr, Bullard, Louis Fed Organizations: Federal Reserve Bank of St, Louis Federal Reserve, Purdue, School of Business, Federal Reserve's, Market, Federal Reserve Locations: London, The St

☆ Treasury yields mixed as investors await Fed speaker comments
▼ + stars: | 2023-06-20 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Yield and prices have an inverted relationship and one basis point equals 0.01%. ET, the 10-year Treasury was trading more than one basis point higher at 3.7808%. The 2-year Treasury yield was last down by less than one basis point to 4.7189%. Investors awaited a slew of Fed speaker comments slated for this week which could provide fresh details about the outlook for interest rates. St. Louis Fed President Jim Bullard and New York President John Williams are expected to speak on Tuesday, followed by other policymakers throughout the week.

Persons: Monday's, Louis, Jim Bullard, John Williams, Jerome Powell Organizations: Treasury, U.S, Federal Reserve, Louis Fed, New York Locations: St, U.S

☆ Street looks to extend rally into a holiday-shortened week that is light on data
▼ + stars: | 2023-06-17 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Also on tap are several speaking engagements for Federal Reserve members, including Chair Jerome Powell on Wednesday and Thursday in his semiannual monetary policy report to Congress. ET: St. Louis Fed president Jim Bullard speaks 8:30 a.m. ET: Federal Reserve Chairman Jerome Powell speaks 12:25 am. ET: Federal Reserve Chairman Jerome Powell speaks 10:00 a.m. Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023.

Persons: Jerome Powell, Louis, Jim Bullard, John Williams, Austan Goolsbee, Loretta Mester, Tom Barkin, Friday's, Jim Cramer's, Jim Cramer, Jim, Mandel Ngan Organizations: Federal Reserve, Darden, FedEx, Louis Fed, Housing, NY Fed, Federal, Chicago Fed, Patterson Companies, Winnebago Industries, Algoma Steel, Cleveland Fed, Richmond Fed, Commercial Metals, U.S, Treasury, Jim Cramer's Charitable, CNBC, AFP, Getty Locations: United States, Olive, Washington ,

☆ 2-year Treasury yield climbs as investors assess interest rate outlook
▼ + stars: | 2023-06-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield traded about 4.1 basis points higher at 4.686%. Meanwhile, the benchmark 10-year rate was flat on the day at 3.728%. Shorter-term Treasury yields rose on Friday as investors considered the path ahead for interest rates and awaited data that could provide hints about the state of the economy. Investors considered what could be next for interest rates and the economy after the Federal Reserve decided against another rate hike earlier this month, but indicated rates could still go higher later this year. Before this month's Fed policy meeting, many investors had been hoping for rate hikes to be halted as concerns about elevated rates dragging the U.S. economy into a recession had spread.

Persons: Louis, Jim Bullard, Christopher Waller Organizations: Treasury, Investors, Federal Reserve, Fed, Louis Fed Locations: Michigan

☆ Fed Pres. Bullard: 'Data does not yet show a June pause is appropriate'
▼ + stars: | 2023-05-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Pres. Bullard: 'Data does not yet show a June pause is appropriate'CNBC's Steve Liesman joins 'Halftime' with breaking news from St. Louis Federal Reserve President Jim Bullard about the likelihood of another June rate hike.

At its latest meeting, the Fed laced its statement and minutes with a rider about cumulative tightening and uncertain lags. The gist of the argument is that the Fed doesn't deliver credit directly to the wider economy - banks and financial markets do. But few seem to doubt that these policy lags have shortened considerably over the decades. Showcasing the study in December, San Francisco Fed chief Mary Daly adopted a more dovish slant on the gap between the funds rate and tightening financial markets. "But investors should remain attentive to the occasional episodic disconnects observed between Fed guidance and some prominent indices of financial conditions," Clarida told clients.

☆ Treasury yields fall as traders assess data, Fed outlook
▼ + stars: | 2023-01-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields were lower on Wednesday as uncertainty around the outlook for monetary policy and the economy, along with some weak earnings reports from Wall Street, clouded risk sentiment. The yield on the benchmark 10-year Treasury note fell just over 5 percentage points to 3.4812% while the yield on the 30-year Treasury bond shed around 4 percentage points to 3.6069%. Stocks sold off on Tuesday and futures pointed to further declines on Wall Street after Goldman Sachs missed earnings expectations on the back of a drop in investment banking and asset management revenues. Four Federal Reserve officials are set to deliver speeches Wednesday: Atlanta Fed President Raphael Bostic, Philadelphia Fed President Patrick Harker, St. Louis Fed President Jim Bullard and Dallas Fed President Lorie Logan. Auctions will be held Wednesday for $36 billion of 17-week Treasury bills and $12 billion of 20-year bonds.

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☆ Markets should brace for a period of central bank-induced turmoil before the Fed dials back on rate hikes, and stocks could soon retest recent lows, JPMorgan says
▼ + stars: | 2022-11-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks could be in for another bout of volatility before the Fed pivots from aggressive rate hikes, JPMorgan warned. That's because the Fed and other central banks could inject more volatility before backing down from raising rates. Stocks could retest recent lows in the first quarter of 2023, strategists predicted. Wharton professor Jeremy Siegel said the odds of a recession were "virtually 100%" if the Fed continued hiking rates into 2023. That would take the fed funds rate to a range of 4.25%-4.5%.

☆ Insana: The ‘7% solution’ on interest rates could come back to haunt the Federal Reserve
▼ + stars: | 2022-11-18 | by ( Ron Insana | ) www.cnbc.com time to read: +3 min

A trader watches as Federal Reserve Chair Jerome Powell speaks on a screen on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | ReutersSt. Louis Federal Reserve President James Bullard suggested on Thursday that the central bank might have to raise short-term interest rates as high as 7% to ensure that inflation goes away. Once again, Bullard and other Fed officials say that the central bank cannot repeat the policy errors of the 1970s. Raising rates by up to three full percentage points from the Fed's current target range of 3.75% to 4% would ensure a very deep recession. That's the case whether its headline or core consumer prices or other measures of inflation more closely watched by the Fed.

☆ Tempted to buy the dip on tech stocks? Strategist reveals when to get back in
▼ + stars: | 2022-10-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Amazon , Meta and Alphabet 's stocks all tanked last week after disappointing earnings, but investors looking to buy tech stocks on the dip should hold off for now, according to strategist Dan Scott. Still, he suggested that wasn't enough for the central bank to move away from its hawkish stance on raising interest rates. Instead, she expects a multiple compression, such as a decline in price-to-earnings ratio, in Big Tech stocks by the end of the year. Markets are expecting interest rates to rise by 75 basis points on Nov. 2, with a similar rise on Dec. 14. The problem is the outlook: 2-8% growth is not what I'm looking for in the tech stocks," he said.

☆ Premarket stocks: Why investors aren't going green
▼ + stars: | 2022-10-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

ESG funds in September saw their largest outflow of investor cash since the March 2020 recession. These ESG and responsible investing funds saw assets under management peak above $8.5 trillion in late 2021. That’s because ESG ratings agencies tend to rate companies against others within their industry, so oil and gas companies are rated separately from automotive companies. A debate over how to regulate ESG funds is also adding to the noisy picture. But the hurdles facing ESG investing show that doing so is easier said than done.

WASHINGTON, Oct 20 (Reuters) - The St. Louis Federal Reserve said it would "think differently" about appearances by its president James Bullard at non-public events after news reports of his attendance at a private policy forum last week sponsored by Citigroup. The New York Times first reported Bullard's appearance at the event, which it noted was unpaid but might conflict with Fed communications rules that discourage Fed involvement in events that offer a "prestige advantage" to profit-making enterprises. "Jim Bullard works hard to maintain the spirit of transparency and active communications to make his views widely known," the St. Louis Fed said in a statement. Still, the St. Louis Fed posted a transcript of his remarks to the Citi Macro Forum on its website and added that "we are listening to the commentary around this and will think differently about this in the future." During the appearance, which lasted an hour according to an agenda of the event released by the St. Louis Fed on Thursday, Bullard delivered several minutes of opening remarks and then fielded about a dozen questions from the audience.

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