Yellen Says Fed Rate Hike May Still Make Sense Later This Year

April 3, 2015 1:10 PM

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It looked like the stock market dodged the bullet when the latest Federal Reserve minutes were revealed. According to the minutes, the Federal Reserve is not going to be raising rates immediately. This was enough for the stock market to rally. However, it is not much of a rally if you realize that the Dow Jones industrial average either spikes up or declines by three figures. Think about that. Almost everytime it moves, it is in three figures. That is how volatile the market is.

A lot of this is due to the fact that many investors made a lot of money with the current rally. They are just looking for signs to get out. They are looking for signs to cash in. It doesn’t take much to spook people, and against this backdrop, it is worth noting that Federal Reserve Chair Janet Yel...

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