Janet Yellen gives the market a clear signal that the Federal Reserve will most likely hike interest rates at its March meeting.
While leaving some wiggle room should conditions change, the Federal Reserve Chair said recent economic improvements will be a strong topic of discussion at the March 14-15 meeting of the Federal Open Market Committee. (FOMC).
“We currently believe it will be appropriate to gradually raise interest rates if economic data continues to be as we expect,” Yellen said in a speech in Chicago.
"Indeed, at our next meeting the committee will consider whether employment and inflation are continuing to evolve in line with our expectations, in which case further adjustment of the federal funds rate would likely be appropriate," he added.
