Yellen “Dovish”, Sees Economy Healing

Peter's Commentary: Fed Chair Janet Yellen was fairly "dovish" today with her comments. Inflation is currently below the 2% target rate. Yellen said that the inflation rate needs to move up to the 2% target before the Fed will consider increasing interest rates. At present the Fed is not seeing any significant pickup in wage growth. Because wages are generally a lagging indicator, the Fed … [Read more...]