Beyond that, the black cloud of uncertainty surrounding Greece’s debt dilemma cleared this week once the European Union agreed to shore up Greece for a few more months. The drama certainly isn’t over, but we’ve seen similar workout deals before.
In the U.S., Federal Reserve Chair Janet Yellen spoke confidently about the economy’s progress before Congress this week. Her hearings were another sign that the Fed could raise interest rates this year, perhaps as early as June. A rate hike would be a big vote of confidence about the economy’s health from the Fed.
“There is reason to feel good about the economic outlook,” Yellen summed up for Congress. The Fed predicts stronger economic growth in 2015.
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Volatility took a nosedive in February — falling 35% to the calm levels that dominated much of last year. But all that could change quickly. For now, celebrate the highs.
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