Economics
Yellen Insists Fed Increase En Route as Focus Moves to September
- Fed chair gives no hints to precise timing of the next move
- Yellen’s Phildelphia speech to be final word before June FOMC
The Fed Rate Hike Guessing Game Continues...
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June is out. July might be too soon. The Federal Reserve’s next interest-rate increase is coming, but even September isn’t a sure bet.
That’s the message investors and economists are taking from Chair Janet Yellen’s Monday. Her comments were the last the public will hear from a Fed official before the central bank’s policy-setting meeting next week.