PowerShares QQQ ETF (QQQ)
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- Barrons.com•2 days ago
Stocks rose, stocks fell, and ultimately finished mixed today all thanks to Janet Yellen's speech at Jackson Hole today--and Stanley Fischer's comments after it. Barclays economist Antonio Garcia Pascual contends a rate hike could come as early as September, echoing Fed Vice Chairman Fischer's comments: The highlight of the week was Fed Chair Yellen’s speech at Jackson Hole where she highlighted the continued solid performance of the labor market, economic activity and inflation. Of course, our decisions always depend on the degree to which incoming data continues to confirm the Committee’s outlook.” Although some FOMC members still expressed concerns about inflation, FOMC speakers over the last several weeks have been consistently hawkish, most indicating that at least one rate hike seems warranted this year, also including Vice Chair Fisher.