While you were sleeping Focus on Yellen

Mon, 10 Feb 2014

By Margreet Dietz Feb 11 (BusinessDesk) – Wall Street began the week lower as investors awaited Tuesday’s testimony of the US Federal Reserve’s new chairman, Janet Yellen, to gauge the central bank’s take on the recent weakness in employment data and the overall outlook for the US economy. Yellen, who took the helm on February 1, will provide the Fed’s semi-annual testimony to the House Financial Services Committee tomorrow and the Senate Banking Committee on Thursday. The most recent monthly government employment data were disappointing, as...

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