Wednesday, December 2, 2015

US Federal Reserve likely to raise interest rates

U.S. Federal reserve chair Janet Yellen is signalling that it is likely the Federal Open Market Committee will raise interest rates, probably at it's December meeting.

During a speech to the Economic Club of Washington, she said the U.S. economy has recovered from the worst of the Great recession and financial collapse of 7 years ago, but the future is always uncertain.

And she told the crowd, not matter what decision is taken, any interest rate increases will be small and over time.

IN: "That the...
OUT: ...over time."
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