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Janet Yellen Says Fed Interest Rate Increase Still Likely This Year
Fed chief says ‘gradual pace of tightening’ expected to follow first rate hike
By Jon Hilsenrath and
Ben Leubsdorf
Sept. 24, 2015 5:00 p.m. ET
Federal Reserve Chairwoman Janet Yellen laid out her most detailed case yet for the central bank to begin raising short-term interest rates later this year, effectively lobbing a warning to financial markets that the central bank’s decision to keep rates near zero last week wasn’t a shift toward an interminable delay of monetary tightening.
Janet Yellen Says Fed Interest Rate Increase Still Likely This Year
Fed chief says ‘gradual pace of tightening’ expected to follow first rate hike
By Jon Hilsenrath and
Ben Leubsdorf
Sept. 24, 2015 5:00 p.m. ET
Federal Reserve Chairwoman Janet Yellen laid out her most detailed case yet for the central bank to begin raising short-term interest rates later this year, effectively lobbing a warning to financial markets that the central bank’s decision to keep rates near zero last week wasn’t a shift toward an interminable delay of monetary tightening.
well i entered a scalp long at 1908.5 but got nervous covering at 1312.25 as the market continued to around 1916. i was looking for 1921.50. the decline resumed and then we finally bounced to the 1921.50 level. Looking for some sort of bottom (at least temporarily) tomorrow or mon.
Ok after reading an excerpt from yellin early, I went all in on spy's at the close.....hopefully we see a nice squeeze into the weekend jumbo but agree with dell g it's about "time" for one good luck everyone,