KQED Nightly Business Report June 19, 2014
Near zero through the end of this year. Wrapping up a twoday policy meeting and speaking at a News Conference in washington, yellen insured investors the u. S. Economy is doing well enough for the fed to make further cuts but not Strong Enough to seek consistent Growth Without the Central Banks help. Investors loved hearing that, and stocks took off. The s p 500 index closed at a new record high of 19. 57, the dow, which was in the red before the fed announcement at 2 00 p. M. Eastern time shot up almost 100 points and the nasdaq rose to 25 points. Steve liesman was at that News Conference and...