World Week Ahead: Spotlight on Yellen

Sun, 21 Aug 2016

By Margreet Dietz Aug. 22 (BusinessDesk) - After global markets swung last week amid changing bets on the odds of a US interest rate hike this year, investors will scrutinise Federal Reserve Chair Janet Yellen’s comments at the annual Jackson Hole meeting of top central bankers on Friday. “Economic data have improved since the last time Yellen had a public speech,” Art Hogan, chief market strategist at Wunderlich Securities in New York, told Reuters. While minutes of the Fed’s July meeting, released last Wednesday, eased bets of a US r...

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