While you were sleeping: Hike "relatively soon"

Thu, 17 Nov 2016

By Margreet Dietz Nov. 18 (BusinessDesk) - Equities on both sides of the Atlantic gained, and so did the US dollar, after Federal Chair Janet Yellen’s testimony to Congress cemented bets the central bank will raise interest rates at its December meeting. The Federal Open Market Committee is set to start its next two-day policy meeting on December 13. "At our meeting earlier this month, the committee judged that the case for an increase in the target range had continued to strengthen and that such an increase could well become appropria...

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