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H&W in the Media

U.S. stocks march to record highs after Yellen wraps testimony

Kevin Mahn, chief investment officer at Hennion & Walsh Asset Management, commented that investors are no longer looking for the Fed’s direction.

“Janet Yellen and the Fed have not changed their view on policy. Last year Yellen said that rate hikes would probably start about six months after the end of the tapering process. Six months from the end of taper in October puts the rate hike schedule for spring and that’s the message from her today,” Mahn said.

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