Property News · November 13, 2018

Federal Reserve’s former chair Janet Yellen expects three to four US rate increases over the next year


The US Federal Reserve will continue the current pace of normalising its monetary policy because the American economy is doing “exceptionally well,” though this will create a tougher economic environment for emerging markets including China, its former chair said on Tuesday.
“Normalisation of both short rates and the balance sheet are proceeding smoothly and, with the economy performing so well, Chair Powell and the [Federal Open Market Committee (FOMC)] are continuing the…

Source : South China Morning Post
Read more…Federal Reserve’s former chair Janet Yellen expects three to four US rate increases over the next year

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