Yellen speaks at Jackson Hole: Our ability to predict Fed rate path is quite limited

Market news

26 August 2016

Yellen speaks at Jackson Hole: Our ability to predict Fed rate path is quite limited

Case for interest rate increase has strengthened in recent months

Economyc nearing Fed's employment and inflation goals

Our ability to predict Fed rate path is quite limited

Gradual hikes over time are 'appropriate'

Fed expects inflation to rise to 2% goal in next few years

Fed depends on data, not on a preset course

Range of possible rate hikes paths is wide, shocks could change path

The dollar changed course while statements are being analyzed. Not so hawkish after all or already priced in

Yellen says rate hike case 'has strengthened' in recent months. The dollar rose 60 pips against the euro so far

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