'Yellen Index' flashes imminent Fed tightening
from Financial Times
Investors are not betting Janet Yellen will follow a fellow central banker’s lead and declare interest rate rises “could happen sooner than markets currently expect," according to Federal Reserve Chairman Mark Carney. What if we were to look not at what Yellen says, but at what Yellen has done? We might then conclude that the Fed’s first rate hikes could indeed happen sooner than expected.
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