Fed Chair Janet Yellen will address interest rates Friday from the
central bank’s annual meeting in Wyoming.
Economic data has been a mixed bag all year. But things are looking
better for a critical component of the profitability equation: revenue
The number of companies beating consensus estimates of 2Q revenue and
profits are both above the long-term average, and these overachievers
are clearing the expectations bar with plenty of room to spare.
This laser focus on central bank policy by so many investors is a
relatively recent phenomenon that appears to have grown more intense in
the post-Great Recession period of near-zero interest rates.
With a choppy global economy and nervous investors combining to produce
major market mood swings, at least through the midway point, 2016 is
playing out a lot like 2015.