NY Times: Fed Is Likely to Raise this Month

The New York Times just took the drama out of the next Fed meeting.

Janet Yellen Says Fed Is Likely to Raise Interest Rates This Month

Janet L. Yellen, the Federal Reserve chairwoman, said Friday that the Fed was likely to raise its benchmark interest rate this month, barring any unpleasant economic surprises.

Ms. Yellen’s declaration, in a speech in Chicago, capped an intensification in the Fed’s communication in recent days as officials put investors on notice that a rate increase was coming sooner than had been widely expected.

“At our meeting later this month, the committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal funds rate would likely be appropriate,” Ms. Yellen said, referring to the Fed’s policy-making arm, the Federal Open Market Committee.

The committee is scheduled to meet in Washington on March 14 and 15.

Here’s the recent rise in the three-month Treasury bill.

Posted by on March 3rd, 2017 at 1:24 pm

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