The Traderszone Network

Published in TZ Latest News 21 May, 2015 by The TZ Newswire Staff

Fed still seen in lift-off mode as Yellen takes center stage

The U.S. Federal Reserve is likely to stick with plans to raise interest rates later this year, with progress toward its employment and inflation goals helping allay concerns over the economy’s recent weakness, current and former Fed officials say. Fed Chair Janet Yellen, who on Friday will talk about the economy’s prospects, is expected to acknowledge the recent sluggishness, including near stagnant performance in the first few months of the year.

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