US equities closed lower Thursday after St. Louis Federal Reserve President
Stocks fell sharply in the immediate aftermath of the comments, but a late rally ensured that the vast majority of the losses were overturned before the close of the session. Eventually, the DJIA closed down 0.1% at 16,846.13, the S&P 500 closed down 0.1% at 1,957.22, while the NASDAQ Composite closed just fractionally lower at 4,379.046.
However, "yesterday’s comments by St. Louis Fed Chief
Ahead of the
"Bullard may not be a voting member of the FOMC, but he is usually considered dovish which may suggest that other members are also leaning towards an earlier rate hike than is currently priced in," says
"With little US data out this afternoon, any rebound for US markets should be fairly tentative," says
Still to come in the data calendar Friday, the Reuters/
Ahead of the release, the pound trades at
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