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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

Published Wed, Aug 24, 2016 · 09:50 PM
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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 table for the central bank's policy meeting next month - without committing it to act.

Either way, September will be important for many of the world's central…

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