Amazon up after FOMC meeting statement
Amazon was up after it announced its Fire Phone and its entry into the cell phone market. The Federal Open Market Committee said that it would cut $10 Billion from its monthly stimulus. Amazon’s reaction helped carry the NASDAQ composite into positive territory.
Chairwoman Janet Yellen delivers her first Policy Report and emphasizes continuity
Federal Reserve Chairwoman Janet Yellen confirms the Fed will continue easing. The unemployment rate has not reached the Fed target for a faster pace of tapering yet, currently at 6.6%. The Fed is also targeting an inflation rate of 2.0% The Federal Reserve Chairwoman says she “anticipate(s) that economic activity and employment will expand at […]