James Bullard

  • Existing Home Sales Drop in January; Fed Releases FOMC Transcripts from ’08; G20 Aims for More Growth Globally

    Existing U.S. home sales dropped 5.1 percent in January compared to December. The Federal Reserve released transcripts of some of the internal discussions at the Federal Open Market Committee during the critical year 2008. The meeting of Group of 20 finance ministers and central bank chiefs in Sydney issued a final communique stating that the goal of the group is to create more than $2 trillion in additional output over the next five years.

    National 24 February 2014 15:19
  • December Employment Down but Full-Year Job Creation Equals 2012; Fed Likely to Taper

    The economy created only 74,000 new jobs in December – the fewest in about three years – assumed due to severe weather conditions recently. Total hiring was roughly the same in 2013 – a 2.2 million net increase – as it was in 2012. And the Fed's tapering of its bond-buying is slated to begin this month.

    National 13 January 2014 15:30
  • Net Household Worth Highest Ever; Bullard Hints at Tapering

    Household net worth increased in the third quarter, reaching a new high of nearly $77.3 trillion, compared with $75.3 trillion in the second quarter of 2013. Federal Reserve Bank of St. Louis president James Bullard said that the Federal Open Market Committee decision on tapering will be “data dependent."

    National 10 December 2013 15:13
  • Fed May Continue Stimulus; Vegas Sells More Homes; S&P 500 Upgrades Outlook for U.S. Debt

    Since low inflation has been a surprise, the central bank can continue with QE3. The number of existing residential properties trading hands in the Las Vegas market in May was 3,884, up from 3,789 in April. And Standard & Poor’s Ratings Services upgraded its outlook for the U.S. sovereign debt, raising its outlook from “negative” to “stable,” meaning that the rating agency is less likely to downgrade U.S. debt in the near future.

    National 11 June 2013 13:54

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