By Brian Honea
Interest rates nearly took center stage in this banking testimony as Chair Yellen noted that the domestic economy is “pretty strong” and the “gradual rise in rates should not derail the housing market. Employment is going up, income is going up, households are in better shape to form households,” she explained. “If labor market improves, inflation will move up. December sounds incrementally more likely, but hinges on jobs reports.”
The post Fed Chair Yellen Hints at Possible December Rate Hike in Congressional Testimony appeared first on DSNews.
Via:: Fed Chair Yellen Hints at Possible December Rate Hike in Congressional Testimony
