The Fed Expects A Strong U.S. Economy in 2015
Stocks finally recover after ending in the red for the past 5 days. The slow start for stocks is the worst start since 2008 and the S&P 500 has never suffered a loss during the third year of a presidential cycle. The Fed is expecting a strong U.S. economy in 2015 and showed optimism in the recent release of the Fed's December minutes. The Fed believes that lower gas prices has been positive for the U.S. as it has put more money in Americans pockets. Another big issue that was discussed during the December meeting was the timing of raising interest rates, and it appears that the Fed still is in no rush to raise the rates and a rate hike before April is unlikely.
Word on the Street
- Fed's December minutes show optimism.
- 3rd year of presidential cycle best for stocks.
- 11 companies expected post big profits in 2015.
- Interest rates likely won't rise before April.
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- 95% of Super Bowl ad space sold at record price.
- hhgregg (HGG) falls on withdrawal of 2015 EBITDA guidance.