Connect with us
Today, Federal Reserve Chair Janet Yellen revealed that the Fed's stimulus program could end in the fall and that benchmark interest rates could rise soon after.

archive

Janet Yellen’s Fed Comments Lower Stocks

Today, Federal Reserve Chair Janet Yellen revealed that the Fed’s stimulus program could end in the fall and that benchmark interest rates could rise soon after.

Janet Yellen’s Fed Comments Lower Stocks (Bloomberg)

Today, Federal Reserve Chair Janet Yellen revealed that the Fed’s stimulus program could end in the fall and that benchmark interest rates could rise soon after. Stocks fell on the news, ending a three-session winning streak. ??The pace of tightening, once the Fed starts tightening, is a little bit faster than thought before and I think that??s why we??re getting this market reaction,?John Canally, an economic strategist at LPL Financial Corp., said. ??Being reminded that the Fed will eventually raise rates is getting traders?? attention.?

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Advertisement
Advertisement

TRENDING NOW:

Today a Milkshake, Tomorrow A Brick: Corporate-Backed Political Violence Is Here.

CULTURE

The GOP’s New Gang of Eight Passes ‘Hateful’ Equality Act.

U.S. POLITICS

Judge: Couple Who Sent ‘Trans’ 4-Year-Old To School in Dress are ‘Good Parents’

CULTURE

Jan Brewer: Trump’s Immigration Plan is Pragmatic

U.S. POLITICS

archive

Janet Yellen’s Fed Comments Lower Stocks

Janet Yellen’s Fed Comments Lower Stocks (Bloomberg)

Today, Federal Reserve Chair Janet Yellen revealed that the Fed’s stimulus program could end in the fall and that benchmark interest rates could rise soon after. Stocks fell on the news, ending a three-session winning streak. “The pace of tightening, once the Fed starts tightening, is a little bit faster than thought before and I think that’s why we’re getting this market reaction,”John Canally, an economic strategist at LPL Financial Corp., said. “Being reminded that the Fed will eventually raise rates is getting traders’ attention.”

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

Today a Milkshake, Tomorrow A Brick: Corporate-Backed Political Violence Is Here.

CULTURE

The GOP’s New Gang of Eight Passes ‘Hateful’ Equality Act.

U.S. POLITICS

Judge: Couple Who Sent ‘Trans’ 4-Year-Old To School in Dress are ‘Good Parents’

CULTURE

Jan Brewer: Trump’s Immigration Plan is Pragmatic

U.S. POLITICS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter