After yesterday's hawkish comments from Fed Chair Janet Yellen the chances of rate hike in June went from 11% last week to 34% this week. That possibility continued to weigh on stock prices here after Wednesday's losses. Weekly initial jobless claims well from last week;s highs to 278,00 this week. Despite Walmart showing better sales and earnings, the Dow lost 91 points today.
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance
Jeff Jensen I believe this is just a fiction on the part of the Fed. In an election year, the last thing the sitting administration wants is negative economic momentum. We shall see!
May 19, 2016 10:39 PM
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