Fed Watchers
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Fed watchers closely listened to Yellen’s speech today. The speech was a lot more dovish than investors anticipated and that sparked another break out to the upside. Some Fed watchers are issuing caution. What does Yellen know about the economy that she has turned so dovish in the last few months? Will Friday’s unemployment numbers give us any indication of what’s to come. In the mean time let’s see what the charts are telling us.
