U.S. stocks are roughly flat Tuesday afternoon with investors digesting a slew of quarterly earnings updates and the latest batch of economic data.
Prospects of the Federal Reserve raising interest rate by 25 basis points in May appear to be weighing as well.
Federal Reserve Bank of St. Louis President James Bullard said today that he favored continued interest-rate hikes to counter persistent inflation. Bullard said recession fears are overblown.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.