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Last week, Fed Chairwoman Janet Yellen stood her ground as she testified before the Senate Banking Committee when she delivered her upbeat assessment about the economy and reiterated the Fed’s official stance that there is still the possibility of additional interest rate hikes in 2016.
Her comments, however, highlighted the differences in what the Fed believes and what the financial market investors think. The Fed expects the U.S. economy to continue to grow slow, leading to gradual interest rate hikes in 2016. Investors believe the global economic weakness will have an effect on the domestic economy and that the Fed’s ... (read more)