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PR Newswire
20-03-2014, 09:47 AM
Latest FED announcement. Every word is scrutinized and speculated... 
Wall Street drops after hint of US Fed rate hike
NEW YORK — United States stocks fell yesterday (March 19) after comments from US Federal Reserve Chair Janet Yellen raised the possibility of an earlier- than-anticipated increase in interest rates.
The central bank dropped the US unemployment rate as its definitive yardstick for gauging the economy’s strength and made clear it would rely on a wide range of measures in deciding when to raise interest rates.
Equities extended declines after Ms Yellen said the “considerable period” between the end of its quantitative easing program, known as QE, and the first rate increase from the central bank could be six months.
With QE forecast to wind down sometime near the end of the year, a six-month lag would move up the timetable for the Fed’s first hike, which many market participants had been expecting in the second half of 2015.
...
http://www.todayonline.com/business/wall...-rate-hike
Wall Street drops after hint of US Fed rate hike
NEW YORK — United States stocks fell yesterday (March 19) after comments from US Federal Reserve Chair Janet Yellen raised the possibility of an earlier- than-anticipated increase in interest rates.
The central bank dropped the US unemployment rate as its definitive yardstick for gauging the economy’s strength and made clear it would rely on a wide range of measures in deciding when to raise interest rates.
Equities extended declines after Ms Yellen said the “considerable period” between the end of its quantitative easing program, known as QE, and the first rate increase from the central bank could be six months.
With QE forecast to wind down sometime near the end of the year, a six-month lag would move up the timetable for the Fed’s first hike, which many market participants had been expecting in the second half of 2015.
...
http://www.todayonline.com/business/wall...-rate-hike
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