Interest Rates Will Rise In 2015 — If Economy Stays Up
Federal Reserve Chair Janet Yellen's speech at the Greater Providence Chamber of Commerce indicated interest rates will be going up some time in 2015.By Jake Godin | May 22, 2015
What does Janet Yellen's most recent speech mean for the market?
Federal Reserve Chair Janet Yellen's speech Friday on the economic outlook of the U.S. indicated interest rates are still going to go up this year as planned, as long as the economy improves.
"With oil prices no longer declining and with the public's expectations of future inflation apparently stable, my colleagues on the federal open market committee and I believe the consumer price inflation will move up to 2 percent as the economy strengthens futher," Yellen said at Friday's press conference.