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Wall Street sees Fed rate hike by year-end after jobs data: Reuters poll

October 7, 2016 By

A solid U.S. jobs report for September reinforced expectations among Wall Street's top banks that the Federal Reserve would raise interest rates by the end of the year, according to a Reuters poll conducted on Friday. Fourteen of the 15 primary dealers that responded to the poll forecast a rate hike at the U.S. central bank's December meeting. Primary dealers are the banks that do business directly with the Fed.

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Wall Street sees Fed rate hike by year-end after jobs data: Reuters poll

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Weak U.S. retail sales, inflation data dim prospect of Fed rate hike

August 12, 2016 By

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales were unexpectedly flat in July as Americans cut back on discretionary spending, pointing to a moderation in consumption that could temper expectations of a sharp pickup in economic growth in the third quarter. Cooling consumer spending and tame inflation suggest the Federal Reserve will probably not raise interest rates anytime soon despite a robust labor market. “Fed members are afraid to come out from under their rocks until growth is sustainably solid and inflation in, near or at their target, and today's reports don't provide them with any comfort that will happen soon,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.

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Weak U.S. retail sales, inflation data dim prospect of Fed rate hike

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Yellen says Fed rate hike likely appropriate in coming months

May 27, 2016 By

The Federal Reserve should raise interest rates “in the coming months” if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July. “It's appropriate … for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such a move would be appropriate,” Yellen said during an appearance at Harvard University. Although Yellen expressed caution about too steep a rise in U.S. rates, she sounded more confident than she has in the past that the U.S.

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Yellen says Fed rate hike likely appropriate in coming months

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