FED RATE HIKE?
Federal Reserve Chair Janet Yellen is expected to deliver a new and improved economic outlook in Chicago today.
The chair is expected to provide the strongest so far message of a possible March rate hike.
Fed policymakers have already said such a step could be necessary if the advances of the labor market were “in line" with their expectations, adding that they may need to get ahead of accelerating inflation by nudging short-term rates higher soon.