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2/24/2015 11:10 am  #1

Yellen: No rate hike for next couple FOMC meetings

This will make the stock market very happy!

Yellen: No rate hike for next couple FOMC meetings
Federal Reserve Chair Janet Yellen struck a decidedly dovish tone in indicating that it would be a while before the central bank's Open Market Commmittee makes a move on interest rates.The central bank chief said caution would be used as the jobs picture improves but inflation remains muted. Her comments were received in a generally positive manner from the market, which pushed stocks further into record territory on hopes that the Fed would not move too aggressively in boosting its short-term interest rate target off near-zero levels.

Last edited by Common Sense (2/24/2015 11:11 am)

 “We hold these truths to be self-evident,”  former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”


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