While you were sleeping: Wall St, dollar rise on rate bets

Mon, 16 Oct 2017

By Margreet Dietz Oct. 17 (BusinessDesk) - Wall Street and the US dollar advanced a day after Federal Reserve Chair Janet Yellen bolstered expectations the central bank will raise interest rates once more this year. “Yellen’s speech continued to be more along the lines of: We don’t have much evidence of inflation, but we’re going to plan on raising rates anyway because we have faith that inflation is returning,” John Briggs, head of US rates strategy at NatWest Markets, told Bloomberg. “On a relative basis, she was certainly more hawkish”...

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