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Yellen Both Dovish and Hawkish

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

In reaction to a rally in European markets, stocks here began the day with strong gains.  After Fed head Janet Yellen's comments about possibly slowing the progression of interest rate hikes, however, the bottom fell out of the Dow leaving only the NASDAQ in positive territory for the day.  Traders were hoping she would say there would be no more hikes this year.  The Dow reversed 261 points to close down 99.

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