The Traderszone Network

Published in TZ Latest News 10 July, 2015 by The TZ Newswire Staff

Yellen says expects rate hike this year, but cites labor weakness

Federal Reserve chair Janet Yellen on Friday said she expects the Fed to raise interest rates at some point this year, but pointed strongly to her concerns that U.S. labor markets remain weak and that more workers could be encouraged back into the job market with stronger growth. In her speech Yellen gave no direct hint about whether she anticipates more than one rate hike over the Fed’s four remaining meetings of 2015.