Yesterday’s inflation report came in with a CPI increase of 1.9%, year-over-year, triggering speculation of another interest rate hike. The decision to do so belongs to Head of the Fed, Ms. Janet Yellen. Her job is to manage monetary policy to foster stable prices and maximum sustainable employment. She feels pretty good about what she’s [...]
Once upon a time the only spokesperson for the Federal Reserve System was the Chairperson. Responding to a call for more transparency, former Chairman, Dr. Ben Bernanke, allowed the Fed’s communication policy to change. Now-a-days, Fed Governors and Presidents of Federal Reserve Banks can say whatever they want regarding matters related to the Fed. Unfortunately, [...]
Stock prices extended gains to three consecutive days on Monday in relatively lackluster trading ahead of new Federal Reserve chief Janet Yellen's first testimony to Congress. The Dow picked up a modest 0.05%, the S&P 500 rose 0.2% and the Nasdaq, the biggest winner for the day, gained 0.5%.