FEDERAL Reserve chair Janet Yellen on Friday said she expected the central bank to raise rates this year as the US economy was on course to bounce back from a sluggish first quarter. Yellen spoke amid growing concern at the Fed about possible market volatility once it begins to raise rates, and coaxing investors towards accepting the inevitable: ending about a roughly six-year stretch of near-zero interest rates. – Reuters
US: Fed on course for rate hike
Published May 25, 2015
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