Last week, the bullish trend returned to the American stock market. Investors were waiting for the press-conference of Federal Reserve System (FRS) Chair Janet Yellen on the outcomes of the FRS meeting that took
place over 17-18 June.

At this press-conference, Mrs. Yellen noted that there are many perfect reasons for a period of sustainable growth of the US economy above the long-term trend. Among positive trends in the US economy, she mentioned easier access to loans, improved situation on the labor market, reduced negative impact of the tax and budget policy, and growing prices for housing and stock. The FRS Chair also does not have serious fears regarding the formation of “soap bubbles” on stock and bond markets because of the significant liquidity injections by the central bank.

Financial markets survey 23.06.2014