Yellen becomes a dove--3/30/2016

In her speech yesterday at The Economic Club of New York, Chair Yellen stated that 'raising rates with caution was especially warranted' given global economic vulnerability.  This suggests she won't be raising 4 times this year as she previously stated and the market seemed to have loved her comments and her tone as the Dow jumped almost 100 points yesterday and is currently up close to 100 today.