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Weekly Comic: Bulls fail to find comfort in Yellen's testimony

Published 02/11/2016, 11:13 AM
Updated 02/11/2016, 11:13 AM
Bulls fail to find comfort in Yellen's testimony

Investing.com - Comments from Federal Reserve Chair Janet Yellen failed to provide the spark that market bulls were hoping for, instead supplying the bears with more ammunition.

The Fed chief said Wednesday that financial conditions have become less supportive to growth as foreign developments pose risks to the economic outlook, but also maintained that moderate expansion at home would justify "gradual adjustments" to the Fed's monetary policy stance.

It’s been a tough year for the bulls so far, as mounting anxiety over slowing global growth, prolonged weakness in oil prices and tighter credit markets spurred investors to shun risk.

To see more of Investing.com’s weekly comics, visit: investing.com/comics

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