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Janet Yellen

Federal Reserve punts again on increasing interest rates

WASHINGTON, June 15, 2016 – The Federal Open Market Committee (FOMC) made its widely-expected non-proclamation Wednesday afternoon, announcing no interest rate increase for the month of June. On the other hand, this afternoon’s statement still strongly suggests that at least a pair of interest rate increases remain on the table for 2016. Maybe. Or maybe ...

Yellen: Interest rate hike ‘probably in the coming months’

WASHINGTON, May 27, 2016 – In very thin holiday-driven trading Friday, stocks opened with a decided upside bias. But mid-afternoon brought word that the Federal Reserve once again seems to be inching toward another ratchet up in interest rates, with the next incremental hike likely coming in early to mid-summer. At least that’s the way ...

Dow up big time as Yellen market rally continues Wednesday

WASHINGTON, March 30, 2016 – After a negative open on Tuesday, markets got back on the upswing with remarks from Fed Chair Janet Yellen that were clearly designed to reverse the bad cheer spread last week by inflation hawk James Bullard, President of the St. Louis Fed. The fun continues in Wednesday morning trading action, ...

Yellen’s dovish remarks Tuesday inspire bulls, boost stocks

WASHINGTON, March 29, 2016 – Tuesday trading action got off to a bad start this morning due to negative vibes from the usual suspects: oil, which continued to decline sharply from last week’s $40 plus per barrel peak; and rising interest rate fears, kicked off by hawkish comments from St. Louis Fed Prez James Bullard. ...