The Latest Breaking News from James Bullard

The major indexes made modest moves today as investors kept a cautious eye on debt ceiling discussions.

June S&P 500 futures (ESM23) are down -0.46%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.76% this morning after three major U.S. benchmark indices struggled for direction on Tuesday as investors weighed the latest batch of earnings reports and comments from two Federal Reserve officials.

Federal Reserve Bank of New York President John Williams said it’s critical the U.S. central bank remain committed to its 2% inflation goal, and emphasized monetary policy must bring supply and demand into better balance to lower inflation.

“If inflation doesn’t start to come down, you risk this replay of the 1970s... Let’s be sharp now, let’s get inflation under control,” St. Louis Fed President James Bullard told CNBC Wednesday.

New York (AFP) - Global stocks mostly fell Friday to conclude a lackluster week as markets grappled with fresh inflation data that raised worries of further central bank tightening.

After a week filled with surprising economic data and earnings reports, Wall Street is getting ready to shut down for a three-day weekend since the market is closed on Monday, Feb. 20. Watch TheStreet Today live at 10:30 am Eastern.

London (AFP) - Stock markets fell Friday on the prospect of more US interest rate hikes after two Federal Reserve officials hinted at ramping up its monetary tightening campaign in the face of stubbornly high US inflation.

Hong Kong (AFP) - Asian markets fell Friday on the prospect of more interest rate hikes after two Federal Reserve officials hinted at ramping up its monetary tightening campaign in the face of stubbornly high inflation.

Futures signaled further losses on hot inflation data and hawkish Fed comments, with the 10-year Treasury yield approaching 4%.