Today, Federal Reserve Chair Janet Yellen revealed that the Fed’s stimulus program could end in the fall and that benchmark interest rates could rise soon after. Stocks fell on the news, ending a three-session winning streak. “The pace of tightening, once the Fed starts tightening, is a little bit faster than thought before and I think that’s why we’re getting this market reaction,”John Canally, an economic strategist at LPL Financial Corp., said. “Being reminded that the Fed will eventually raise rates is getting traders’ attention.”
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: