In the Margins

Yellen indicates March rate hike likely

March 3, 2017

By Reuters

The Federal Reserve is set to raise its benchmark interest rate later this month as long as economic data on jobs and inflation holds up, Fed Chair Janet Yellen said on Friday. "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," Yellen said in prepared remarks to a business luncheon in Chicago. Read the original story from Reuters.