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Thursday, August 21, 2014
Stocks didn’t lose their winning stride in response to the Fed minutes on Wednesday and the trend is expected to continue today as well. But they will be watching carefully for what comes out of the Jackson Hole speeches, particularly the Janet Yellen speech tomorrow. The question is when will the Fed start raising rates after it concludes the QE program in October and how fast they will go once rates do start doing up.
The Fed Funds rate has not changed from the ...