AUTHOR: TOWNE SCHERER.COM 02/24/2015: Towne Scherer Private Wealth Management BLOG: President Obama, as promised, vetoed the Keystone Pipeline legislation, which, according to a Forbes Magazine article siting several sources, would generate anywhere from 600,000 to 3.5 million jobs. Janet Yellen, Chair of the Federal Reserve Bank, in comments before congress, suggested that interest rate increases would not be implemented until mid-year. On such information, the Dow Climbed 92.35 points to close at 18,209.19, while the European Commission agreed to accept Greek economic measures that would amount to a bailout agreement for the country. Oil continued its fall along with the 10 year treasury rate which drifted below a 2% yield. Earlier in the week, ISIS, once again, paraded captives dressed in orange jumpsuits, inside the now familiar barred cages. Controversy continues to rise around the U.S.’s negotiations with IRAN over their ability to developed nuclear capacity. At the end of the week Jobless Claims and the GDP will be the big indexes that will come into focus. Most recently, malls in America and Europe have come under scrutiny for terrorist attack. This prompted Homeland Security Secretary Jeh Johnson to make the following comments on NBC’s Meet the Press: “I’m not telling people to not go to the mall… I think that there needs to be an awareness… I’m saying that the public needs to be particularly vigilant.” Amazingly, he did not add, “When the going gets tough, the tough go shopping.” We can only hope.
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