The Fed is starting a gradual rate hike - Speaking at Harvard, the president of the US federal bank Janet Yellen argued that a rate hike could be "probably appropriate in the coming months", because the US economy is improving - The reaction was positive of the markets
Raising US rates could be "probably appropriate in the next few months": said Fed president Janet Yellen, speaking at Harvard, who justified the line of gradual rate hikes with the improvement denoting the US economy.
The gradualness of the increase, explicitly referred to by Yellen, pleased the markets, which responded with a moderate increase on Wall Street.
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