Submitted by Admin on Fri, 03/03/2017 - 08:23

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.

One of the main reasons Fed officials foresee the possibility of faster growth and inflation is because of President Trump’s proposed infrastructure spending and tax cuts.

Ahead of Yellen speech, these charts show dramatic rise in market expectations for March Fed hike

Global stocks off highs, dollar edges lower as Fed rate rise looms

Three reasons the Fed wants to hike rates in March