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Fed Rate Hike Likely, Yellen Says Economy Remains in Good Health

Interest rates are expected to continue rising based on comments made by Federal Reserve Chair Janet Yellen at the Group of 30 international banking seminar over the weekend. Economists envision the next rate hike to transpire in December, which would be the third this year.

The central bank still believes the economy is strong enough to withstand another bump. Yellen believes the recent hurricanes will only slow economic growth temporarily, with gross domestic product growth likely rebounding in the current quarter.

Yellen indicated that surprising low inflation has persisted this year, though it is expected to pick up once temporary factors fade, such as falling prices for consumer cellphone service. “Economic activity in the United States has been growing moderately so far this year, and the labor market has continued to strengthen,” said Yellen, who spoke on a panel with central bank officials from China, Japan and the European Central Bank.

Read more at AP


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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