Even though U.S. stock-index futures continued to top all-time highs, incoming Federal Reserve Chairman, Janet Yellen, thinks the economy needs to show more strength before she’ll begin tapering its stimulus program. In a prepared statement yesterday, the incoming Fed chairman reiterated her faith in the country’s current stimulus-plan for righting the country, “Supporting the recovery today is the surest path to returning to a more normal approach to monetary policy.” And, it’s the surest path to profitability for investors like you and me.
Fed Chair Expected to Tow Stimulus Line into March
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Holiday shopping season optimism was bolstered after Macy's beat earnings expectations, triggering a retail rally that led to a new record high for the S&P 500.
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