Janet Yellen talked, capital markets listened, and investors bought equities. The status quo has been preserved, supported by market perceptions from the nominee for Federal Reserve chair's testimony that she is not in a rush to begin tapering the Fed's $85 billion-a-month bond-buying program. The market tension prior to Yellen's job interview seems to have eased off considerably, again knocking the foreign exchange (forex) market back into a contained trading range.
Janet Yellen talked, capital markets listened, and investors bought equities. The status quo has been preserved, supported by market perceptions from the nominee for Federal Reserve chair's testimony that she is not in a rush to begin tapering the Fed's $85 billion-a-month bond-buying program. The market tension prior to Yellen's job interview seems to have eased off considerably, again knocking the foreign exchange (forex) market back into a contained trading range.
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