St. Louis Federal Reserve President James Bullard said The Federal Reserve needs to gather more evidence that the economy is improving and inflation heading higher before deciding to taper its massive... more 
St. Louis Federal Reserve President James Bullard said The Federal Reserve needs to gather more evidence that the economy is improving and inflation heading higher before deciding to taper its massive bond buying program Data from the Federal Reserve Bank of New York showed that Americans trimmed their overall indebtedness in the latest quarter, continuing a nearly five-year trend as mortgage balances fell further U.S. producer prices were flat in July and pointed to very little inflationary pressure in the economy, which could add to worries at the U.S. Federal Reserve that inflation is running too low. Stock index futures were mostly flat as investors found few reasons to make big bets with equities near all-time highs and little clarity over Federal Reserve policy. less 
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Wed, Aug 14, 2013 6:13 PM EDT