Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Wall Street gets Fed reality check
Wall Street gets Fed reality check - 01:51
Reuters Today: Spanish yields seen rising at auction
Reuters Today: Spanish yields seen rising at auction - 06:21
Surprise services boost points to UK recovery
Surprise services boost points to UK recovery - 02:54
Breakingviews: Do as I say, not as I do – German wages
Breakingviews: Do as I say, not as I do – German wages - 05:04
Market Pulse: Spain under fire as investors shun bond sale
Market Pulse: Spain under fire as investors shun bond sale - 03:28
Myanmar's Kyat begins managed float
Myanmar's Kyat begins managed float - 01:59
ASEAN: territorial code of conduct draft by year-end
ASEAN: territorial code of conduct draft by year-end - 01:48
U.S. Morning Call: Stock futures down, JPMorgan to be fined
U.S. Morning Call: Stock futures down, JPMorgan to be fined - 02:08
EMEA Day Ahead:: Thursday
EMEA Day Ahead:: Thursday - 03:13
3XSQ: Customer funds in question; royal return
3XSQ: Customer funds in question; royal return - 05:44
Still cashing in? Hirst retrospective
Still cashing in? Hirst retrospective - 02:32
World's biggest car delivery center
World's biggest car delivery center - 02:41
FACTBOX: Titanic the movie sails again
FACTBOX: Titanic the movie sails again - 02:20
Trading at Noon: Wall St. down on lost hope for stimulus
Trading at Noon: Wall St. down on lost hope for stimulus - 02:48
Draghi holds rates, offers caution
Draghi holds rates, offers caution - 01:50
Breakingviews: Gun bubble redux
Breakingviews: Gun bubble redux - 02:51
Yahoo cuts 2,000 jobs
Yahoo cuts 2,000 jobs - 01:15
Easter egg panic in eastern Europe
Easter egg panic in eastern Europe - 01:28
Wealth Strategies: Equity rally has 3 years left in cycle
Wealth Strategies: Equity rally has 3 years left in cycle - 06:05
Congressional insider trading ban
Congressional insider trading ban - 01:17
Gas prices no detour for car buyers
Gas prices no detour for car buyers - 02:13
Demand for fuel-efficient cars will outlast spike in gas prices
Demand for fuel-efficient cars will outlast spike in gas prices - 02:36
Most engines of growth are in emerging markets : Nissan CEO
Most engines of growth are in emerging markets : Nissan CEO - 05:39
U.S. Day Ahead: GAP set to shine with same store sales
U.S. Day Ahead: GAP set to shine with same store sales - 01:59

December rate hike "live" possibility - Yellen

Wednesday, November 04, 2015 - 01:23

Fed Chair Janet Yellen re-inforced already growing expectations that the central bank would raise interest rates at its next meeting in December. Bobbi Rebell reports.

▲ Hide Transcript

▶ View Transcript

December is a "live possibility" for a rate hike, according to Fed Chair Janet Yellen, who testified before the House Financial Services Committee. Yellen focusing on the improving economic picture. SOUNDBITE: JANET YELLEN, CHAIR, U.S. FEDERAL RESERVE (ENGLISH) SAYING: "At this point, I see the U.S. economy as performing well. Domestic spending has been growing at a solid pace, our trade performance net exports is soft, but the committee judged in October that some of the downsides had diminished relating to global economic and financial developments." Yellen added that rates would only go up gradually from there. Stocks fell on the comments, despite the fact that the Fed has been talking about raising rates for a very long time. Manhattan Venture Partners' chief economist Max Wolff: SOUNDBITE: MAX WOLFF, CHIEF ECONMIST, MANHATTAN VENTURE PARTNERS (ENGLISH) SAYING: "This is the world's most telegraphed punch, and, so far, it hasn't even grazed anyone's chin. That being said, we know it's coming, and, I think, that chairman Yellen did a pretty good job today of making sure that people don't blow off the prospect of December." That seems unlikely. Investors have now raised their expectations for a December hike to around sixty percent. The December meeting is on the 15th and 16th, giving the Fed six more weeks of data, including two jobs reports, to look at before then.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

December rate hike "live" possibility - Yellen

Wednesday, November 04, 2015 - 01:23