Well, we have heard from the horse’s mouth now. Following a week of what appeared to be carefully coordinated statements from senior officials of the US central bank’s (the Fed) all powerful monetary policy committee that an immediate hike in the Fed’s policy rate is warranted, Fed Chairperson Janet Yellen made a surprisingly categorical statement on Friday at a public meeting in Chicago. “At our meeting later this month, the Federal Open Market 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
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