| Markets went up on Janet Yellen's speech yesterday, and then went down on Stanley Fischer's clarification of Janet Yellen's speech. The stock market and the commodities market acted like "asset bubble" markets yesterday and reflect how dependent the markets are on Federal Reserve support.
The Fed will probably not raise its policy rate in September; its officials are not ready for an increase and the Fed, usually, does not move just before an election. The headlines on the front page of the Wall Street Journal, front and center, read "Yellen Sends Strong Signal on Rates."..............................................Full Article: Source
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