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Fed Chair Yellen Suggests That Low Rates Will Continue For Very Long Time

Monday, March 31, 2014 - 4:44 PM
I had thought that the markets over-reacted to Fed Chair Yellen's press conference on the 19th when she suggested that rates could start rising 6 months after the completion of tapering. In her speech today, Yellen appeared to try to ease the market concerns of an early rate hike by stressing that ‚ÄúThis extraordinary commitment is still needed and will be for some time"

In summary, I think we'll be lucky if the Fed starts to hike rates in 2015.

For more on Yellen's speech today, refer to this Bloomberg article, Yellen Says Slack in Job Market Shows Need for Support 
5
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Monday, March 31, 2014 - 5:40 PM
Why do I get the impression that regardless who the Chairman of the Federal Reserve is, their primary job is to placate the markets by promising endless zero interest rate policy (ZIRP)? Periodically, the Chair must be trotted out to the financial media to reiterate that policy.

"What a revoltin' development this is!"
- Chester A. Riley
8
ShorebreakShorebreak2,622 posts since
Apr 6, 2010
Rep Points: 14,212
2. Monday, March 31, 2014 - 6:40 PM
In many of her interviews she seems very concerned with the unemployed and getting them
back to work. 
1
Ally6770Ally6770912 posts since
Jan 16, 2010
Rep Points: 2,655
3. Monday, March 31, 2014 - 7:34 PM
"Despite the recent fluctuation in yields, the return on ten-year Treasuries has climbed more than one-half percentage point over the past 12 months, to 2.7%, and Kiplinger's expects yields to reach 3.5% by the end of 2014."

Latest News Headlines - NASDAQ.com
4
ShorebreakShorebreak2,622 posts since
Apr 6, 2010
Rep Points: 14,212
4. Tuesday, April 1, 2014 - 7:22 AM
So I will still have time to get a low rate on my construction loan to build my new house. Ture the savings rate is non-existance.
1
dpandslemmendpandslemmen28 posts since
Feb 10, 2011
Rep Points: 118
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