“The weather” is the pre-packaged excuse for the slip, and Wall Street seems to be finding some solace there. Stocks barely hiccupped in response to the news and are holding on to this week’s gains mid-way through trading on Wednesday. The real test comes about 2pm this afternoon when Janet Yellen and her merry band of FOMC Governors are set to release their statement on monetary policy.
Wednesday, April 30, 2014
Huge GDP miss complicates Yellen's taper decision | Breakout - Yahoo Finance
Huge GDP miss complicates Yellen's taper decision | Breakout - Yahoo Finance
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