Morningstar, Inc. Commentaries
Sep 12, 2014
Click here to access Sector Equity CEFs Excelled in August
Despite continued turmoil overseas, the U.S. economy chugged along in August. In its July meeting minutes, released in late August, the Federal Reserve commented that inflation and labor market conditions had moved closer to its longer-run objectives and that it anticipated continued progress toward those goals. In that vein, the Fed kept rates unchanged and took another $10 billion out of its monthly asset purchases. But, the minutes also contained language that caused some hubbub among investors.