S&P 500 ekes out gain as tech supports, J&J, Goldman disappoint

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Fed's Bullard favors more rate hikes as labor market remains strong - Reuters

April 18, 2023 9:55 AM EDT

St. Louis Federal Reserve President James Bullard told Reuters in an interview Tuesday that the US central bank should continue raising interest rates following recent data which showed inflation remains persistent.

In addition, Bullard noted that the economy seems set to continue growing, even if slowly.

He told Reuters that Wall Street is "very engaged in the idea there's going to be a recession in six months or... More