Yellen to tell the markets to ‘cool your jets’

cool-jetsBy Greg Robb | MarketWatch

Federal Reserve Chairwoman Janet Yellen will use her press conference on Wednesday to tell the market to chill out and not expect a flurry of interest rate hikes.

Yellen’s message will be to “cool your jets on all this right now,” said Michael Gapen, chief U.S. economist at Barclays.

The Fed is almost universally expected to raise interest rates Wednesday. But officials don’t want to send a strong hawkish signal by pencilling it more a more aggressive stance on future rate hikes.

Continued:

 

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

December 2016
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031