While you were sleeping: Rate chatter rises

Wed, 20 Aug 2014

By Margreet Dietz Aug. 21 (BusinessDesk) - Wall Street advanced, while US Treasuries fell as investors await Federal Reserve Chair Janet Yellen’s speech this Friday at the annual gathering of the world’s top central bankers in Jackson Hole for her take on the outlook for higher interest rates. Minutes of the latest Federal Open Market Committee meeting, held July 29-30, showed that US policy makers were optimistic about the progress of the pace of recovery in the world’s largest economy and that there was a possibility they might have to...

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