Tuesday’s Consumer Price Index (CPI) showed a marked acceleration in inflation in May. The monthly increase was 0.4%, seasonally adjusted, and the year-over-year change was 2.1% without adjustment.
Watch this video to learn how the Fed plays a role in the markets.
Monday’s DJIA decline triggered the fifth Down Friday/Down Monday (DF/DM) warning of 2014 and is the second occurrence in the past three weeks.
Federal Chair Janet Yellen visited Chicago on Monday, scheduled to speak at a conference as well as make remarks about the economic future of the country.
Last week was a most interesting one for the Federal Reserve and its new standard bearer Janet Yellen, who caused a bit of controversy by spelling out—in more detail than Fed watchers are used to—a timetable for not only tapering but when the Fed will actually begin to tighten.