Janet Yellen: US Fed could raise interest rates 'soon'

Janet Yellen: US Fed could raise interest rates 'soon'

The chair of the US Federal Reserve, Janet Yellen, has indicated that it could raise interest rates "relatively soon".
She said the job market had made further improvement this year and that inflation, while still below the Fed's 2% target, had started to pick up.
Ms Yellen's assessment was released ahead of her appearance before a Congressional Committee.
Financial markets are expecting the Fed to take action at a meeting next month.
It would be only the second increase since it cut rates to a record low during the financial crisis. In December last year, the Fed raised its... read more

17 November 2016 in Business, Views: 47
Source: BBC

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