While you were sleeping: Futures too pessimistic?

Mon, 04 Apr 2016

By Margreet Dietz April 5 (BusinessDesk) - Wall Street moved lower, after six straight weekly gains, as investors awaited the next catalyst. Last week Federal Reserve Chair Janet Yellen said US policy makers will proceed cautiously in terms of raising rates, further underpinning a downgrade for rate hike expectations this year. Yellen is due to speak again on Thursday, along with former Fed chairs Ben Bernanke, Alan Greenspan and Paul Volcker. Even so, Boston Fed President Eric Rosengren warned that “the very slow removal of accommoda...

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