World Week Ahead: Eyes squarely on Yellen

Sun, 05 Jun 2016

By Pattrick Smellie June 6 (BusinessDesk) - By Margreet Dietz June 6 (BusinessDesk) - Investors will scrutinise comments from US Federal Reserve Chair Janet Yellen after poor jobs data raised questions about the economy and practically ended bets on an interest rate hike at the central bank’s policy meeting next week. Today Yellen is set to speak at an event in Philadelphia. A report on Friday showed that US employers added a mere 38,000 jobs in May, the smallest increase in almost six years. The Federal Open Market Committee begins i...

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