In the News

Here's your second-half playbook for stocks – For years, we've expected interest rates to rise. That day is now in view: Earlier this month, the Federal Reserve said it expects to wind down its quantitative-easing program and cease buying Treasury bonds and mortgage-backed securities as soon as October. In the past, Fed Chairwoman Janet Yellen has testified that she would consider raising rates as soon as six months after the end of quantitative easing.

So how should investors be thinking about the second half of 2014? Is this a trial balloon for the markets? And how much of an effect is the end of easing likely to have on individuals' portfolios?

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