Scoreboard: Fed downer

Wall Street edged lower on weak personal spending data and St. Louis Fed President James Bullard’s comments that the Fed could hike rates sooner than expected.

Not a great night on either side of the Atlantic -- equities sold off, while bonds rallied further. Markets appear to be increasingly concerned about US growth prospects following that weaker-than-expected first quarter print. Not that data out last night was too bad or anything. Jobless claims remain low at 312,000 (down 2000 in the week to June 21). Yet neither was there anything to give sentiment a lift -- consumer spending was also weaker-than-expected.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles