In the assessment of Federal Reserve Chairman Jannet Yellen situation in the US economy, including the labor market can continue to improve, which should allow the interest rate hike in the US this year.
“If the situation in the economy will develop as we assume, should be fulfilled conditions to hike interest rates at some point this year” – is written in the text of a speech that Yellen will deliver on Wednesday in the US Congress.
Fed members assume that economic growth in the United States “will accelerate in later this year “- said Yellen. “The unemployment rate should fall gradually,” – she added.
Yellen emphasized that the exact date of the increase in interest rates is of lesser significance than the subsequent rate at which they will proceed further increases.
Fed Chairman added that the Fed forecasts regarding increases this year They are projections and do not reflect the “intention of rate hikes at some particular time”.
Yellen’s speech in the US Congress began in the chair. 16.00 Polish time. The mere publication of the text of the speech, however caused market movement. Just before the hearing in a few minutes Eurodollar fell by 0.6% to 1,093. The dollar also strengthened against the Polish zloty to the level of 3,774 (+0.6%).
PAP / ribbon / ana / BPL / at /
No comments:
Post a Comment