Economics
Yellen to Peer Past December Rate Hike and Stress Gradual Pace
- Fed chair to headline busy week of Federal Reserve speakers
- Economists, markets hope for post-liftoff policy guidance
All Roads Lead to Yellen's Speech: Here's What to Expect
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Janet Yellen will leave expectations for a December interest-rate rise in place when she speaks publicly twice this week while drawing attention to what will happen to policy after liftoff.
The Federal Reserve chair “will be focused on the idea that December seems likely, but let’s get beyond the December hike and start talking about the pace” of rate increases that follow, said Tom Porcelli, chief U.S. economist at RBC Capital Markets LLC in New York.