Yellen reiterates that lift-off still likely later this year

Fed Chair Janet Yellen's latest comments don't change our view that the Fed is still on track for a September lift-off. Furthermore, we expect rising wage growth and core inflation to trigger a much more rapid rise in interest rates next year, with the fed funds rate ending 2016 at close to 3.0%. 

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.