Mexican Media Brands
Yellen Sees “Strengthened” Case for Higher U.S. Interest Rates
Federal Reserve Chair Janet Yellen tells a meeting of central bankers that price stability and improving employment trends have strengthened the case for raising prime interest rates in the U.S.
#economics
Share
Federal Reserve Chair Janet Yellen tells a meeting of central bankers that price stability and improving employment trends have strengthened the case for raising prime interest rates in the U.S.
Yellen didn’t say when the central bank might act. She notes that the country’s inflation rate remains below the Fed’s 2% target, a condition she attributes primarily to temporary factors.
The Fed last raised rates to between 0.25% and 0.50% in December, marking the first such increase in 7 years. Yellen describes the U.S. economy as “nearing the Federal Reserve’s statutory goals” to justify another upward adjustment
She reiterates that any increase will be gradual. Many economists expect a hike by year-end, and some predict it will come as soon as September.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.