| The minutes of the FOMC meeting released last week suggested that the central bank is likely to maintain its accommodative policy stance in foreseeable future, even after it winds down its asset purchase program. With waning rate hike worries, stocks are likely to continue their slow, upward march.
Economic data in general has been surprising to the upside of late, indicating that the economy gained momentum in the second quarter after coming out of the deep freeze earlier this year. At the same time, while the labor market is improving, wage pressures are missing, suggesting that the Fed will not be in a hurry to change its monetary stance...............................................Full Article: Source
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