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The Fed Statement Brainard Motivates Wall Street Rally



Wall Street closed sharply higher on Monday after one of the officers of the Federal Reserve make a proposal so that the ' prudent "policy-related interest rates.

Lael Brainard of the Fed governors — a member of the central bank's Policy Committee voting — said that the upswing in the economy continues, it would be wise for the Fed to maintain its policy remains loose.

The Dow Jones closed rose more than 200 points of post speech Brainard, led by shares of 3 m and IBM.

S&P 500 closed up more than 1 percent, led by telecommunications shares gain of 2%.

NASDAQ traded over 1.5% of mengaut reinforcement of saam Apple amounting to 2.2% and iShares Nasdaq Biotechnology (IBB) ETF of 3%.

The Atlanta Fed President Dennis Lockhart section — which is not a voting member of the Fed's Policy Committee — said the upcoming meeting will definitely be a serious discussion of the associated rise in interest rates.

Lockhart's comments followed a number of Netanyahu's statements from the Fed officials, including Fed President Eric Rosengren of Boston section. Last Friday, Rosengren said that low interest rates increase the chances of overheating for the US economy. The tightening policy gradually moenter right to maintain a full level of the workforce, he added.


This post first appeared on Forex Today, please read the originial post: here

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The Fed Statement Brainard Motivates Wall Street Rally

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