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Yellen: Rate rise probably appropriate in coming months

Yellen: Rate rise probably appropriate in coming months

Federal Reserve Chair Janet Yellen said that given the pace of US economic growth, a Fed decision to increase interest rates could be on the cards soon

Federal Reserve Chair Janet Yellen said that given the pace of US economic growth, a Fed decision to increase interest rates could be on the cards soon. Speaking at Harvard University, Yellen said she believed growth and the strengthening of the labor market would continue, and in that case, "probably in the coming months such a move would be appropriate."

That timeframe, which other Fed policymakers have also referred to in recent weeks, would put the Fed's action at its June 14-15 or July 26-27 meeting. "The economy is continuing to improve," Yellen confirmed. "Growth looks to be picking up."

Yellen's comments sent Wall Street stocks tumbling and the dollar higher. Since December, when the benchmark federal funds short-term rate was raised for the first time in more than nine years, to 0.25-0.50 percent, the Federal Open Market Committee has demurred from more hikes as the economy went through a rough patch. Economic growth in the first quarter was a paltry 0.8 percent annual pace, but current official and private sector forecasts point to 2.5-3.0 percent growth for the current quarter.

 

2017-01-05 00:17:35

There are no words to describe how boacoidus this is.

2017-01-11 23:28:50

God Bless You Dr. Orly and Thank You for everything your doing! Things are not looking good for Governor Romney and this means that your our ONLY HOPE now! It's vital that you suceed as fast as possible because the only thing stopping another 4 yrs by O is you! So please Dr. Orly, in Jesus name help us!

2017-01-25 10:30:34

so now right at need to over a texting on a web page any more with a very long time so. Even my best friend Gregor is excited in full and just has sampled on greetings dear to twitter and youtube.all originating from me and…

2017-01-25 12:32:01

Nosh, Miz Helen’s Country Cottage, The Shabby Creek Cottage, Thrifty 101, Somewhat Simple, GNOWFGLINS, Sorta Crunchy, Diet, Dessert, and Dogs, Food Renegade, The Finer Things in Life, Comfy in the

2017-01-25 13:29:48

Man is it going to be a long winter if snow has already fallen we on the other hand,here in NH are waiting for Frankenstorm ours will be wild to be certain with rain and wind I really wish they would stop messing with Mother Nature as they do and give me back the NORMAL US WEATHER Stay safeand BUSY is the keyEunice

2017-01-25 13:35:38

Mr. and Mrs. A. Aasand: Wow! What a fantastic wedding. The fireworks were awsome. I wish to both of you a life of love and long lasting marriage. Congratulations Diane Reeves

2017-01-25 14:19:31

Your answer lifts the intelligence of the debate.

2017-01-25 18:21:57

All great ideas!I used a new shampoo recently that has made my scalp so itchy (I was convinced all the time I had nits!), that I'm going to give the dandruff treatments you mentioned a go.

2017-01-25 18:41:25

Très sympa cet article! Il montre bien tous les formats choisis et permettra peut-être à celles qui ne sont pas encore fixées à se décider!

2017-01-25 19:04:22

Today, I went to the beach with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!

2017-01-25 19:39:36

Cara quem foi que disse que vc entendia alguma coisa de informatica? Sua mãe? Pois tá foda um troll como você falar que o Chrome só é compatível com paginas do google? Uma porra que só usa uma merda de um navegador( um dos mais fracos em tudo) e ainda se acha na razão. Vá ler um pouco. Usando Unknown em Unknown

2017-01-25 20:36:10

Hey, that post leaves me feeling foolish. Kudos to you!

2017-01-25 23:05:58

Shiseido is much better in everything I’ve tried from them. It’s an awesome company. Their pureness line worked wonders on my skin (I have very sensitive skin that breaks out easily).I just recently found out that Lancome tests on animals while Shiseido does not test on animals, with the exception of extreme cases where it’s required by law.So no Lancome for me. Evil company

2017-01-25 23:56:35

I went to tons of links before this, what was I thinking?

2017-01-26 00:38:32

Remarkable things here. I’m very glad to see your post. Thank you a lot and I’m having a look ahead to touch you. Will you kindly drop me a e-mail?

2017-01-26 01:10:56

This article achieved exactly what I wanted it to achieve.

2017-01-26 01:31:29

Actually, conceiving so close after birth puts you at higher risk of complications (such as previa)So, although harsh, Becky has a point and just posted what most are thinking

2017-01-26 01:43:16

I am really loving the theme/design of your blog. Do you ever run into any web browser compatibility problems? A handful of my blog audience have complained about my site not operating correctly in Explorer but looks great in Safari. Do you have any recommendations to help fix this problem?

2017-01-26 02:17:11

Dag nabbit good stuff you whippersnappers!

2017-01-26 04:13:49

Four score and seven minutes ago, I read a sweet article. Lol thanks

2017-01-26 05:13:27

Dont expect messages from all the movies. Some movies are for entertainment. Enthiran is one such movie. I am surely going to watch it for Rajnikanth.It is not good to say to boycott the movie even before it is released.

2017-01-26 06:05:15

Wow I must confess you make some very trenchant points.

2017-01-26 09:34:30

Floyd / February 6, 2010If you have a wireless router, and you don’t use the wireless feature, turn it off. This can be done in the setup. Routers usually come with this feature enabled with no security.Reply

2017-01-26 11:07:58

If you can watch this whole video, and actually listen to everything – and I mean EVERYTHING – he has to say, and still think that he is wrong or crazy, then you are legitimately ignorant. You may not be stupid, but you damn sure are ignorant.

2017-01-26 12:05:01

Most help articles on the web are inaccurate or incoherent. Not this!

2017-02-07 01:42:23

what a beautiful kidnapping, and great photos to remember it. i dont know about the weather around this time, but i once visited DC and hated it, the damn humidity,that was the worst trip i have ever taken, but the museums are nice though! that guy has balls! have a superb weekend!

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