28th May 2016

Well, Fed Chair Janet Yellen finally spoke on Friday and traders had to stay at their desks in case they were to miss anything. In fact, once she started talking, Yellen herself joked that her comments would be brief so as not to delay Wall Street money managers from heading out. As to her main point, the Fed chief finally confirmed what the markets have been suspecting for some time now, namely, that the central bank will indeed be raising rates. Yellen noted that the move will happen “in the coming months” if the economy picks up as expected and if jobs continue to increase. 

News article attributed to www.bulliondesk.com