The Presidential Daily Brief

important

  1. Fed Chair Janet Yellen

    Yellen Expects New Interest Rates ‘This Year’

    It all comes down to the labor market. Though Fed chair Janet Yellen said the world should plan for its first interest rate rise in nearly a decade sometime in the next six months, she didn’t give any other details — like whether there might be more than one rate hike, for example — and explained that the Fed is watching the labor market for cues on what needs to be encouraged in terms of American economic growth. The dollar rallied after her remarks, but the whole world will be watching for more clues. 

This story is part of The Presidential Daily Brief

view full edition