The Presidential Daily Brief


  1. Fed Exercises Caution Over Increasing Rates

    Sometime soon, the Federal Reserve will halt its policy of quantitative easing, but remains vague about when its benchmark interest rate — which has stayed near zero since December 2008 — will begin to climb. Experts suggest that the rate will begin to stir in 2015, hitting a 3.75 percent target by late 2017. Janet Yellen’s positive economic report should rejuvenate the five-year-old bull market; the Dow finished at a record yesterday and the dollar jumped to a six-year high against the yen.

    NYT, WSJ, FT

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