While you were sleeping: Yellen signals confidence

Wed, 10 Feb 2016

By Margreet Dietz Feb. 11 (BusinessDesk) - Wall Street and the US dollar rose after Federal Reserve Chair Janet Yellen signalled confidence in the US economy, even as she confirmed her expectation for “gradual increases” in the central bank’s key target interest rate. “Yellen seems to be maintaining her faith in the outlook of the US economy and still anticipates to raise rates,” Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington, told Reuters. Yellen noted that the path for the fed funds rate depende...

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