World Week Ahead: Yellen’s semi-annual testimony

Sun, 09 Jul 2017

By Margreet Dietz July 10 (BusinessDesk) - US Federal Reserve chair Janet Yellen’s semiannual monetary policy testimony to Congress will form a key focus in a week that will also offer reports on the consumer price index and retail sales. Yellen will testify before the House Financial Services Committee on Wednesday and before the Senate Banking Committee on Thursday. Last Friday, Wall Street closed higher as a Labour Department report showed the US economy added 222,000 jobs in June, more than economists had predicted, while the une...

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