4c2205ffef686749df67d8536fbc74db3c0ba48f

Case for rate hike strengthening, Yellen says

Janet Yellen said the case for an interest rate increase has strengthened in recent monthsJustifications for an interest rate increase in the United States have grown in recent months, US Fed chief Janet Yellen said Friday. In an address to a central banking symposium at Jackson Hole, Wyoming, Yellen took note of strong job growth, saying gradual increases in the Fed’s benchmark rate in the coming years should be expected. “In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months,” Yellen said, according to her prepared remarks.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
#Pence pushes for email privacy - POLITICO https://t.co/2Mc1PycrM1 #privacy https://t.co/ENnWuDjz7i - 3 weeks ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *