US Fed plays down liftoff timing for hike in interest rates
Yellen and her colleagues are telling investors the pace of increases is more important than the liftoff date
Atlanta
JANET Yellen wants you to know that while the era of zero rates may be drawing to a close, money will stay cheap for a long time to come.
The Federal Reserve chair and her colleagues have stressed in recent speeches that monetary policy will remain unusually easy after they begin to tighten this year for the first time in almost a decade. They are telling investors the pace of increases is more important than the liftoff date.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April