Weekend Reading: Yellen’s Line In The Sand
Submitted by Lance Roberts via RealInvestmentAdvice.com,
This past week, the big news for the market was the release of the April 27th FOMC minutes which once again suggested the Federal Reserve may be on a path to hike rates sooner rather than later. The reality is simple, with the markets hovering on critical support, a Presidential election just around the corner and no real evidence of economic recovery, the likelihood of a rate hike in June is approaching zero.
Here are some key highlights from the meeting minutes: