{"id":33446,"date":"2016-03-30T06:02:08","date_gmt":"2016-03-30T04:02:08","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=33446"},"modified":"2016-03-30T06:02:08","modified_gmt":"2016-03-30T04:02:08","slug":"yellen-will-proceed-cautiously-markets-rally","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/yellen-will-proceed-cautiously-markets-rally\/","title":{"rendered":"Yellen Will Proceed Cautiously. Markets Rally"},"content":{"rendered":"

Federal Reserve chair Yellen will keep interest rates low. \u00a0The Dow Jones industrial average and Standard & Poor’s 500 index both closed at 2016 highs\u00a0Tuesday after\u00a0Federal Yellen pulled stocks out of an early slump when she said the central bank will move cautiously on interest rates hikes because of risks of\u00a0a weak global economy and low inflation.<\/p>\n

\u201cGiven the risks to the outlook, I consider it appropriate for the (Fed\u2019s policymaking committee) to proceed cautiously in adjusting policy,\u201d Yellen said in the text of a speech she delivered to the Economic Club of New York.<\/p>\n

Yellen’s speech came\u00a0at a key time for markets, as the 12% rally for the Dow Jones industrial average\u00a0since the low on Feb. 11 has lost some momentum. Her comments today on monetary policy reinforced the Fed’s decision\u00a0two weeks ago that dialed back its rate hike plans this year to two rate hikes, down from four. Investors were nervous prior to the speech after\u00a0\u00a0comments last week from one Fed member \u00a0suggested that the next rate hike could come as early as April.<\/p>\n

The Dow, which had its five-week winning streak snapped last week, had been down\u00a0about 35\u00a0points prior to the speech and then quickly moved into positive territory. At the close, the Dow was up\u00a0about 98\u00a0points, or 0.6%, to 17,633 based on preliminary numbers.\u00a0The S&P\u00a0500 index was up or 0.9%, as it moved back into into positive territory for the year, topping its 2015 close of 2043.94. The Nasdaq composite index gained 1.7%.<\/p>\n

Tuesday’s finish was the highest this year for both the Dow and S&P and left each in the black for 2016, with the Dow up 1.5% and the S&P up 0.5%. The Nasdaq still has some work to do to wipe out its\u00a02016 loss, and at Tuesday’s close was down 3.2% for the year.<\/p>\n

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Yellen: Fed to move “cautiously” on rate hikes. \u00a0Global economy will impact US.<\/p>\n

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Federal Reserve chair Yellen will keep interest rates low. \u00a0The Dow Jones industrial average and Standard & Poor’s 500 index both closed at 2016 highs\u00a0Tuesday after\u00a0Federal Yellen pulled stocks out of an early slump when she said the central bank … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-33446","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t