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Saturday, 4 March 2017

The head of the US Federal Reserve called "appropriate" the rate hike in March

The US Federal Reserve may raise interest rates later in March if the economic data about the state of the labor market and inflation will continue to remain at an acceptable level, said Fed chief Janet Yellen on Friday, indicating a likely imminent increase at the next meeting of the regulator.
Some of Yellen colleagues at the US central bank in recent days talked about the possibility of a rate hike at the meeting of 14-15 March.
The head of the regulator noted that this year's rate increase will be faster, because the economy this year for the first time since Yellen's FED presidency will not get any unavoidable complexity, either domestically or abroad.
Overall, the prospects for moderate economic growth are encouraging, partly due to a decrease in outbound from abroad risk, according to Yellen.
The target of the Fed about unemployment is reached and rising of prices revived.
The last time the Fed raised rates was in December, signaling of another three possible hikes in 2017.

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