Yellen Must Provide More Clarity on Rate Hike

From marketpulse.com

U.S. indices are expected to open in the red again on Thursday, reflecting the ongoing downbeat mood in the markets that has been apparent since the FOMC meeting last week. Janet Yellen, Federal Reserve Chair, is due to speak later on today on inflation dynamics and monetary policy at the University of Massachusetts and her comments will be heavily scrutinized by investors. There is still a lot of uncertainty in the markets about when the Fed will initiate that first hike despite its insistence that it will be this year. The problem is, it also revised down its growth and inflation forecasts while warning of ... (full story)