Fed Chairwoman Janet Yellen is scheduled for another chatfest in the Senate later today (starting at 10am EST), and it’s a safe bet that interest rates will be the main event. The big question on everyone’s mind, and the one the head of the central bank is sure to leave unanswered: When? Higher rates are coming, but no one knows the timing. Perhaps Janet is clueless as well. After all, there’s that incoming data issue to contend with and even the head of the world’s most influential central bank isn’t clairvoyant.
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