It was a huge sigh of relief, seen as confirmation of the word "transitory." Oil prices in late 2014 had crashed, and while globally monetary officials tried to reassure everyone it was a good thing, a supply glut giving consumers something like a tax cut, the wipeout was still unnerving. And that uneasy feeling was reinforced by forward-looking economic data that ended 2014 on an increasingly sour note.
Early 2015, however, it began to look much better. Janet Yellen, in particular, had found her vernacular - or how to influence the financial media into saying