Yellen warning on unsettled rate timetable ignored by investors
Federal Reserve Chair Janet Yellen says she wants investors to be prepared for the possibility that the Fed will raise interest rates sooner than they currently project. Her words are going unheeded. Volatility across stocks, bonds and currencies worldwide is close to record or multi-year lows, even after Yellen cautioned that the Fed’s commitment to keep interest rates near zero for a “considerable time” could change if U.S. economic performance continues to exceed expectations.
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