Last week, the US stock market registered new record-highs. In particular, the American S&P 500 Index set a new historical record-high on 27 and 28 February. Before that, the index rose to record high values during three trading sessions; however, a new maximum was not registered by the end of each trading session.
The market remained satisfied with a weighted approach of US Federal Reserve System Chair Janet Yellen to shaping the country’s monetary policy. Speaking before the US Senate Committee on Banking, Housing, and Urban Affairs on Wednesday, 26 February, Ms. Yellen reaffirmed that the American central bank would continue tapering the quantitative easing program. However, the Federal Reserve may change its strategy should there be any weakening of economic growth in the country, she said.
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