Janet Yellen took the podium at a press conference yesterday, where she said that interest rates could increase six months after the Fed finishes tapering down its quantitative easing program. At the current tapering rate, that would mean increased interest rates in early-to-mid 2015. The market promptly fell 1.3% on the news.
In today's installment of Investor Beat, host Alison Southwick and Motley Fool analyst Tim Hanson break down the press conference and the reaction, and discuss why this is all likely more market madness, that long-term Foolish investors can safely ignore.
Alison Southwick has no position in any stocks mentioned. Tim Hanson has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.