Yellen Soothes Markets; Fed Still on Track to Hike Twice in 2016

Federal Reserve Chair Janet Yellen's dovish tone in a Tuesday speech appeased global markets by assuring a 'cautious' path to normalization.
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Federal Reserve Chair Janet Yellen's dovish tone in a Tuesday speech appeased global markets by assuring a 'cautious' path to normalization. But one analyst still thinks the central bank is set to raise interest rates twice this year. 'The message Yellen delivered was exactly what the market wanted to hear,' said David Lebovitz, global markets strategist at JPMorgan Asset Management. 'It looks like we're still in the two rate hike scenario this year.' TheStreet's Scott Gamm reports from Wall Street.