Friday, March 03, 2017

Yellen: "a further adjustment of the federal funds rate would likely be appropriate" at March Meeting

by Bill McBride on 3/03/2017 01:03:00 PM

From Fed Chair Janet Yellen: From Adding Accommodation to Scaling It Back Excerpt:

[W]e currently judge that it will be appropriate to gradually increase the federal funds rate if the economic data continue to come in about as we expect. Indeed, at our meeting later this month, the Committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal funds rate would likely be appropriate.
A rate hike is very likely at the March FOMC meeting.