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WALL STREET INSIGHT

'Goldilocks scenario' likely to propel stocks to another high

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Economists at Bank of America Merrill Lynch predict that Ms Yellen will not rock the boat at Jackson Hole, noting that the stock market has largely ignored the event since then-Fed chairman Ben Bernanke tested the waters for the first great quantitative-easing plan in 2010.

US STOCKS should reach more record highs this week as the ideal environment for stocks that central banks arranged this summer looks set to continue into the autumn.

This environment, often called the "Goldilocks scenario", is one where the coast is clear on both the economic growth and

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