US Fed’s Janet Yellen hints strongly at a December rate hike
17 November 2016 - 16:05
Washington — The Federal Reserve could raise US interest rates "relatively soon" if economic data keeps pointing to an improving labour market and rising inflation, Fed Chair Janet Yellen said on Thursday in a clear hint the US central bank could hike next month. Yellen said Fed policymakers at their meeting earlier in November judged that the case for a rate hike had strengthened. "Such an increase could well become appropriate relatively soon," Yellen said in prepared remarks that were her first public comments since the US elected Republican Donald Trump to be the country’s next president.
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