Fed sends rate signal and markets react
Breakfast with Benjamin: Janet Yellen and her Fed colleagues remove a key phrase in discussing rates and stocks rally, gold declines. Plus: Is it good news for savers? And an offbeat year-end list; Obama normalizes relations with Cuba.
- Janet Yellen sent the strongest signal yet that she’s going to raise rates next year. Fed confident on U.S. growth, opens door wider to rate hike
- Equity investors liked the news. At least it removed a tiny bit of uncertainty. Maybe. S&P 500 jumps most since October 2013 on Fed, energy
- Gold investors, not so much. Gold declines to two-week low on outlook for U.S. interest rates
- So should anyone be happy about a rate hike? Probably not savers. A Fed rate hike won’t help your savings account
- It’s time for all those year-end lists but this one is a little different. The 10 best albums of 2014 and the stocks that loved them
- Time to stoke up those Cuban cigars? Obama announces U.S. and Cuba will resume relations
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