Important news to move the market today

San Francisco Fed President Yellen made dovish comments that the
economic data point to a noticeable slowdown in the economy. She thinks
that inflation may decline faster than expected
and says that keeping monetary policy steady for a while is a sensible
approach (that means to hold interest rates steady for a while). Time
is needed to see the effects of past 17 rate hikes. She also said the
housing market will likely get worse before it improves. St. Louis Fed
President Poole says he won't predict the outcome of the next FOMC
meeting. He says it is important to get the inflation rate down, and
that he thinks it is likely inflation will "taper." Both Poole and
Yellen mentioned about inflation, but not Fed Chairman Bernanke. In
prepared comments to annual American Bankers Association convention in
Phoenix, Bernanke did not...