Stock, Bond Rally Fizzles as Fischer Remarks Bolster Rate Wagers

Updated on
  • Yellen’s speech consistent with possible Sept. hike: Fischer
  • Two-year Treasury yields at highest since June; dollar gains

Yellen: Case to Raise U.S Rates Is Getting Stronger

The stock market optimism with Janet Yellen’s bullish comments on the U.S. economy fizzled after Federal Reserve Vice Chairman Stanley Fischer said an interest-rate increase is possible in September. Bonds tumbled, while the dollar gained.

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