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26

Wall Street Waits for Yellen Before Taking Off for a Long Weekend

By Tony Seruga

Fed chief has remarks scheduled for Friday afternoon
Plans for early getaway before long weekend are upended

The Friday before Memorial Day weekend is typically dead on Wall Street. The bond market shuts early and trading in stocks slows to a trickle as everyone hightails it out of town.

Not this year.

At 1:15 p.m. New York time, just 45 minutes before the world’s biggest bond market is set to go dark for three days, Federal Reserve Chair Janet Yellen is due to speak at an event in Massachusetts that may turn into a crucial moment for investors handicapping the path of interest rates…

Wall Street Waits for Yellen Before Taking Off for a Long Weekend

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