Sunday, February 1, 2015

Fed to remain patient; GDP misses mark; the week ahead …

Fed chief Janet Yellen said the central bank won’t raise interest rates until at least June.

Growth in GDP, the value of all goods and services when adjusted for inflation, decelerated to 2.6%, according to the Commerce Department.

The Conference Board's Consumer Confidence Index jumped to 102.9 in January, eclipsing economists' forecasts and reaching its highest level since August 2007.

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