Monday, August 29, 2016

Strengthened rate hike prospect followed by stock market rally

Wall street raised the probability of a rate hike by December after Yellen's speech last Friday. But stock market saw a gain this morning? Shouldn't the stock market react in opposite direction. Usually a rate hike drags down the stock market right?



Submitted August 29, 2016 at 02:04PM by jhuang0724 http://ift.tt/2bx3B2d

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