Dollar and treasury yields rise on hawkish Yellen speech

Does not want to 'wait to long' on rates

Tom Eckett
Dollar and treasury yields rise on hawkish Yellen speech

Federal Reserve chair Janet Yellen gave a boost to the dollar and sent treasury yields higher as she signalled a rate hike in March could be more likely than investors were expecting.

Speaking to Congress, Yellen (pictured) said it would be "unwise" to wait too long before raising US interest rates once again, though she stressed increases would be made at a slow pace, as previously...

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