The Presidential Daily Brief


  1. janet yellen

    Janet Yellen Urges ‘Caution’ on Interest Rate Hikes

    Don’t rock the boat. That’s the message from the Federal Reserve chair, who says global economic uncertainty still poses a threat to an otherwise “resilient” U.S. economy. She stressed that while the Fed still plans to eventually raise interest rates, any such move will be done slowly and deliberately. Experts interpreted the comments as a sign that no increase will be proposed when the group meets next month. U.S. stocks responded positively to Yellen’s remarks, the dollar slid and investors are now hedging more on the likelihood of a September increase.

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