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Jackson Hole gives Yellen stage to keep 2016 rate rise on radar

Investors put probability of a rate hike this year at just over 50%, according to prices of federal funds futures contracts
Thursday, August 25, 2016 - 05:50

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While Ms Yellen might highlight the low neutral rate as an important longer-term factor, that won't take a rate hike off the table for 2016.

Washington

MORE than ever, the time is right for Janet Yellen to preserve her options.

That's why when the Federal Reserve chair speaks on Friday in Jackson Hole, Wyoming, any description she offers of the US economy will probably be crafted to keep an interest-rate rise on the

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