The Traderszone Network

Published in TZ Latest News 22 May, 2015 by The TZ Newswire Staff

Wall St ends lower after Yellen comments fail to inspire

In a speech, Yellen said a rate hike would be warranted this year if the economy keeps improving as expected. Investors have enjoyed an extended period of low volatility and steady gains, but with the Fed on track to raise rates this year and major indexes near records, the market could get a bit choppier in coming weeks. “I think what Janet Yellen and all of the Fed officials have been doing is very carefully choreographing their move.