S&P 500 1957 -2.31
Nasdaq 4379 -1
BULLARD BOPS STOCKS: If you lost money on the stock market today, blame the big cheese on
The market gave him a
A disappointing report on consumer spending added to the market blahs. Consumer purchases rose 0.2 percent in May and were up 1.8 percent from a year earlier, the
The bond market liked the bad news. The rate on the 10-year Treasury bond dropped 0.03 to 2.53.
FED HONCHO SEES HIGHER RATES: St. Louis Fed President
He sees the first hike in the Fed Funds rate coming around the end of the first quarter of 2015. Economists surveyed by
"The Fed is closer to its goal than many people appreciate," Bullard said on
The Fed is seeking lower unemployment and an inflation rate of about 2 percent. The Fed's favorite inflation index, Personal Consumption Expenditures, is up 1.8 percent over the past year.
Bullard sees the unemployment rate falling below 6 percent and inflation at 2 percent by the end of this year.
"That's shocking, and I don't think markets, and I'm not sure that policy makers, have really digested that that's where we are.
AMEREN BONDS GET UPGRADE:
LOCAL INDEX: The Bloomberg St. Louis Index fell 2 to 911.
STL STOCKS GAINERS LOSERS
THE DAY AHEAD: Yawns should be in order as the
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