Fed holds interest rates at Yellen's last meeting as chair, sees inflation picking up

Fed holds interest rates at Yellen's last meeting as chair, sees inflation picking up
  • The Federal Reserve left its benchmark interest rate unchanged, as expected, at Janet Yellen's final meeting as chair. 
  • Inflation should stabilize around its 2% target this year, the Fed said, in an update to its previous language on one of its mandates. 
  • Traders expect the next rate hike in March, during the first meeting with Jerome Powell as Fed Chairman.
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Fed vice-chair still sees two more rate hikes this year: CNBC

Fed vice-chair still sees two more rate hikes this year: CNBC

[NEW YORK] The US Federal Reserve remains on track for two more interest rate increases this year despite some weak recent economic data including a drop in inflation, Fed Vice-Chair Stanley Fischer said on Friday. "We're feeling that way. So far I haven't seen anything to change that," he said on CNBC when asked whether two more policy tightenings in 2017 were appropriate, adding the Fed is "not tied to" that plan.

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Rising rates will speed up the clock on retail's $3.7 billion time bomb

Rising rates will speed up the clock on retail's $3.7 billion time bomb

Things are about to get even harder for distressed retail chains thanks to rising interest rates.

After years of low rates fueled a private equity "feasting" on retail firms, the number of troubled chains has tripled over the past six years, and is now at its highest level since the Great Recession.

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