While you were sleeping: Rate hikes ahead

Wed, 28 Jun 2017

By Margreet Dietz June 29 (BusinessDesk) - Wall Street advanced amid fresh economic optimism after central bank chiefs in the UK and Canada signalled interest rates increases ahead. “Some removal of monetary stimulus is likely to become necessary if the trade-off facing the [Monetary Policy Committee] continues to lessen and the policy decision accordingly becomes more conventional,” Bank of England Governor Mark Carney told the ECB Forum on Central Banking in Sintra, Portugal. A day earlier Federal Reserve Chair Janet Yellen's commen...

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