The main story in markets today is worries about US consumers and housing after several companies posted soft results.
Dick’s Sporting Goods and Staples are down more than 10% after disappointing earnings. Retailer TJX is down 6.5% after cutting full-year revenue projections. Home Depot also missed estimates but is up 2.7% after saying that its sales are rebounding along with better weather.
Comments from Plosser added to the woes but a hawkish bent from him should be no surprise to anyone.
S&P 500
The worries in stock markets are spilling over to the Treasury market and is also weighing on yen crosses, including AUD/JPY.