Yellen Gives The Green Light For More Stock Gains
Federal Reserve chief Janet Yellen signaled that rational exuberance is just fine. That, at least, is how some of America’s largest money managers interpreted her comments on Wednesday suggesting interest rates will remain low through 2016. It reinforced their views that easy money means the U.S. stock market rally has further to run despite notching a series of record highs already this year.
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