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Janet Yellen just proved markets can't handle the truth
When Treasury Secretary Janet Yellen speaks, investors listen. And on Tuesday, they didn't like what they heard. The details: At an event hosted by The Atlantic, Yellen, an economist who previously led the Federal Reserve, indicated that the central bank may need to hike interest rates to prevent prices from rising too quickly. "It may be that interest rates will have to rise somewhat to make sure that our economy doesn't overheat," Yellen said. Her comments rippled through markets, feeding a selloff in tech stocks that could take a beating when rates rise. She later clarified that she wasn't predicting or making any ... (full story)
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