Yellen Says Spending May Spur 'Modest' Interest-Rate Increases
Comment of the Day

May 04 2021

Commentary by Eoin Treacy

Yellen Says Spending May Spur 'Modest' Interest-Rate Increases

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“It may be that interest rates will have to rise somewhat to make sure our economy doesn’t overheat,” Yellen, a former Federal Reserve chair, said in an interview with the Atlantic recorded Monday that was broadcast on the web on Tuesday. “It could cause some very modest increases in interest rates.”

Eoin Treacy's view

Investors relying on momentum want to hear that the money will keep flowing and there is no risk the punchbowl will be taken away. Whenever that desire is fulfilled, we see the stock market climb to new highs. However, when it is even modestly questioned it is cause for profit taking.

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