@bizjournalism

The Reynolds Center Horizontal Logo In Color

Two Minute Tips

Janet Yellen expects interest rate hike

July 10, 2015

Share this article:

The Federal Reserve. Photo via Wikimedia Commons user AgnosticPreachersKid.

Federal Reserve chairwoman Janet Yellen said she expects the Fed to raise interest rates by the end of the year during a speech to the City Club of Cleveland on Friday.

Yellen was cautious, however, citing concerns over the country’s labor market as well as other risks internationally.

In response to the suffering economy, the Fed has kept rates near zero for almost seven years, according to Reuters. It would take years for a return to normal rates, but the possibility of an initial upswing has attracted speculation in recent years.

Others see the initial “liftoff” a little later, however. Chicago Federal Reserve president Charles Evans said on Thursday that he thought the appropriate time would be closer to mid-2016, according to Reuters.

The Federal Reserve has a transcript of Yellen’s speech available on its website, which is the best place to start your reporting. For story ideas, get out and gauge the reaction from banks and other businesses that would be affected by a hike. CNN Money also has a report on what a rate hike would mean for regular people, which you can use to start looking for sources.

Author

  • Rian Bosse

    Rian Bosse is a PhD student at the Walter Cronkite School of Journalism. He earned his undergraduate degree in English from Aquinas College in Grand Rapids, Michigan in 2012 and worked for a small daily newspaper, the Daily Journal, in his hometown o...

More Like This...

City scape view of multiple glass buildings

How financial institutions are using AI tools

Business journalists can find plenty of stories by exploring the transformative impact of artificial intelligence (AI) tools on the financial sector. AI is playing a

An introduction to covering banking

The following is an excerpt from a Beat Basics Update by Heather Landy, Mary Fricker and Theo Francis and updated by Yael Grauer on covering banking. You can

Two Minute Tips

Sign up now.
Get one Tuesday.

Every Tuesday we send out a quick-read email with tips for business journalism.

Subscribers also get access to the Tip archive.

Search

Get Two Minute Tips For Business Journalism Delivered To Your Email Every Tuesday

Two Minute Tips

Every Tuesday we send out a quick-read email with tips for business journalism. Sign up now and get one Tuesday.