While you were sleeping: Yellen signals caution

Tue, 29 Mar 2016

By Margreet Dietz March 30 (BusinessDesk) - Wall Street and US Treasuries rose, while the greenback weakened, after Federal Reserve Chair Janet Yellen flagged the central bank will “proceed cautiously” in raising interest rates. "Reflecting global economic and financial developments since December, however, the pace of rate increases is now expected to be somewhat slower,” Yellen said in a speech to the Economic Club of New York. "Given the risks to the outlook, I consider it appropriate for the [Federal Open Market] Committee to proceed...

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