Tag: Janet Yellen
US could wait until next summer to raise interest rates, say economists
Surveyed experts predicted last weeks rate rise would be followed by two more next year, not three. The Federal Reserve could wait until at least next summer before raising interest rates again, according to Wall Street economists surveyed by the Financial Times. Expectations that a rate rise last week by the US central bank would […]
US Federal Reserve raises interest rates for second time since 2008 crisis
Fed chairwoman Janet Yellen announced a 0.25% increase in the benchmark rate to 0.50-0.75%, and predicted three further rates increase in 2017. The US Federal Reserve on Wednesday raised interest rates for the first time in a year, and only the second time since the 2008 financial crisis. The US central bank also predicted three […]
Federal Reserve minutes show close call on September interest rate hike
Three central bankers voted in favor of increasing rates amid easing risks of Brexit but experts still expect only one hike this year, after December meeting. The Federal Reserves decision not to increase rates in September was a close call, the minutes released on Wednesday show. When the Federal Open Markets Committee (FOMC) met in […]
Janet Yellen Fast Facts
(CNN)Here’s a look at the life of Janet Yellen, the first female Federal Reserve chair. Personal:Birth date: August 13, 1946 Birth place: Brooklyn, New York
Uncertainty over Brexit and US job market halted Fed’s interest rates rise
Federal Reserve held off on raising interest rates in June due to the possibility of market turbulence after Brexit and worries about the latest US job report. The Federal Reserve held off on raising interest rates in June due to uncertainty about the US labor market as well as a then-upcoming vote on whether […]