Yellen has warned that it would be a mistake to leave interest rates unchanged for too long. Yellen argued that if the Fed waits too long, it might find itself having to hike rates more aggressively to calm an over-heating economy
The market is likely to see a volatile session as the SGX Nifty indicates a negative start on Dalal Street. The Nifty is struggling for a bounce after the rout this week. Experts say this is a 'sell on bounce' market. Federal Reserve Chair Janet Yellen’s signals that a rate hike is coming 'soon' fuelled a global rally. US markets end within striking distance of record highs, led by surge in banking stocks.
