The Hill reporter Peter Schroeder says signs point to an interest rate hike this month.
He details the clues being left by Federal Reserve Chair Janet Yellen. Schroeder writes:
Speaking in Washington, Yellen did little to dissuade a common perception that the Fed is on the cusp of its first interest rate hike in nearly a decade. Arguing that the economy has steadily improved and appears poised to continue on that trajectory, Yellen highlighted the risks of inaction from the Fed.
The Fed meets Dec. 16 to update its policy for the final time in 2015, and Yellen has indicated she would like to raise rates before the year is out.
Yellen even went so far as to say many are “looking forward” to the day the Fed finally raises rates, saying it would be a testament to how far the economy has come since the financial crisis of 2008.