Federal Reserve to raise interest rates

Federal Reserve to raise interest rates

The Federal Reserve is going to raise interest rates again soon – and this will drive some people crazy Probably sooner than you — or at least the market — think. In a speech in Philadelphia on Monday, Fed Chair Janet Yellen, speaking for the final time before the Fed’s June 15 meeting, said that another interest rate hike from the Fed does not require the central bank meet both parts of its dual mandate first. Here’s the key bit from Yellen’s speech (emphasis added): I continue to believe that it will be appropriate…