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Stocks have rallied off their lows today, and the Fed’s James Bullard is being given the credit. Bloomberg James Bullard, president of the St. Louis Federal Reserve Bank In an interview on Bloomberg, Bullard mentioned the possibility of delaying the end of the Fed’s bond buying, a somewhat surprising turn … Read entire story.
Source: Stocks to Watch
THE monetary economics of a world in which interest rates are close to zero are not especially mysterious. Stimulating the economy at that point requires central banks to raise expected inflation. Disinflation, by contrast, results in passive tightening, since the central bank can’t lower its policy rate and since the …
Ahead of the BLS’s release of the Employment Situation Report at 8:30 AM tomorrow morning (featuring the critical Nonfarm Payrolls reading), Bespoke’s Countdown To Liftoff measure of the months remaining until a Fed hike is showing a very stable reading. With a large selloff in bonds taking place over the last …
Gilead Sciences (GILD) was climbing in late trading on its better-than-expected fourth quarter. Gilead said it earned $2.43 a share on revenue of $7.31 billion. Analysts were looking for earnings of $2.16 on revenue of $6.67 billion. It also announced a $15 billion share repurchase program. As for …