KQEH Nightly Business Report March 31, 2016
Bank is in no rush to raise interest rates. And that powered a stock market rally around the globe continuing today. And resulted in the dow industrials gaining 83 points to 17716. The nasdaq added 22 and the s p 500 rose nearly 9. The president of the chicago fed agrees with the fed chair. In an interview today, Charles Evans said a rate hike in april would be surprising. I think chair yellen laid out all the right issues, you know, coming out of december going into the march fomc, risk factors increased a bit, financial volatility, things settled down a bit. I think global risk is higher. Th...