Fed will Proceed Cautiously, Not Raise Rates

Video: FOMC Chairwoman Janet Yellen announces during a speech at the Economic Club of New York that the Fed will proceed cautiously, not raise rates due to economic conditions.  The Dow, Nasdaq and S&P 500 popped on those remarks raising more than 1% then coming down a bit but remain close to session highs.

http://video.cnbc.com/gallery/?video=3000505324

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