Stocks post losses ending roller coaster week
St. Louis Fed President James Bullard argues that if data reveals ‘inflation is more persistent than what we are seeing right now,’ then ‘sooner action’ may be needed ‘in order to keep inflation under control.’
U.S. stocks finished the session lower in another choppy session as traders digested a mixed jobs report along with hawkish comments from Federal Reserve Bank of St. Louis President James Bullard.
Bullard, who will be a voting member of the Fed next year, highlighted the “unexpected inflation shock in the U.S.” as monetary policy remains “very accommodative” in a speech.
“These considerations suggest, on balance, that the Federal Open Market Committee should remove monetary policy accommodation,” he said.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 34580.08 | -59.71 | -0.17% |
| SP500 | S&P 500 | 4538.43 | -38.67 | -0.84% |
| I:COMP | NASDAQ COMPOSITE INDEX | 15085.471504 | -295.85 | -1.92% |
The Dow Jones Industrial Average fell over 57 points or 0.17%,
