This week, investors saw the Dow Jones Industrial Average break the 16,000 mark during intraday trading. Despite the record, Wall Street shifted its focus to the Fed as the latest FOMC minutes were released and Janet Yellen took one step closer to becoming the next central bank leader. In the minutes, policy makers “generally expected that the data would prove consistent with the committee’s outlook for ongoing improvement in labor market conditions and would thus warrant trimming the pace of purchases in coming months.” Meanwhile, the Senate Banking Committee voted to approve Yellen’s nomination, sending her name to the full Senate for a final confirmation vote [see The Fed Effect: How Monetary Policy Impacts Your ETFs]. On the ETF front, it was a relatively quiet week with only one new fund launching. A newcomer to the industry, however, did file paperwork to make its ETF debut. Reality Shares Advisors, a San Diego [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts