Fed Chair Yellen did not comment on Fed policy or the economy Fed Chair Yellen did not comment on Fed policy or the economy in her prepared remarks. She stuck to the conference topic of inequality, and said it is of great concern to her. Inequality is estimated to be near the highest in a century. She thinks inheritance is a significant source of economic opportunity, while the higher costs of education are a limiting factor.
Futures continue to suggest sharply higher open Stock futures continue to suggest a sharply higher open for the broader market. The housing starts and building permits reports for September showed increases of 6.3% and 1.5% respectively, versus expectations for starts to be up 5.4% and permits to rise 2.7%.