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Saturday 30 September 2017

Yellen: The gradual rise in interest rates will continue (2)

Yellen's comments are becoming reality in an environment of fierce disputes among economists and members of the monetary policy committee about how the rise in interest rates will affect on low inflation.
The level of consumer price growth is still far below the target of 2%, which is considered healthy for the economy.
According to Yellen, there is now a 30% probability that inflation will fluctuate between one and three percent, which could radically change the policy pursued by the reserve.
In fact, Yellen's message was very controversial, but was perceived by market participants as a complete lack of certainty as to what Fed's interest rate inflation and policy would be.

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