Yellen: raise interest rates rise the stock market happy to greet December

United States elections, stock markets make people worried. Doves United States Chairman of the Federal Reserve (Janet Yellen), this extended talons, represents the time to raise interest rates, were relieved by all, the dollar index to 13-year highs.

Wall Street behind a joyful atmosphere, there is concern of the social gap between rich and poor. Janet Yellen yesterday to attend Congressional hearings. This is her in the United States appeared in public for the first time after the election, sparking market concerns. In her testimony, said the timing of Fed rate hikes "fairly close"; delay raising interest rates for too long, but tends to undermine financial stability. Market view, that means Trump victory did not affect the Fed's rate hike plan. The next Federal Reserve interest-rate meeting on December 13 and 14th. Since Donald Trump after the victory, rising inflation expectations, strong US Treasury yields, market expectations for December to raise interest rates, reached 100%. Yesterday, United States three major stock indexes after the hearing, turning slightly red, p 500 to 0.47%, and the NASDAQ index up 0.74% or 0.19%, the Dow Jones industrial index.

Banking shares led the way up, the Federal Reserve will raise interest rates, bank earnings are expected to improve, motivate banks to go young. Thursday United States 8 o'clock in the morning, Yellen's hearing testimony made public, showed Federal Reserve optimistic about the United States economy, rate hike was almost a foregone conclusion. That data will be subsequently confirmed that United States economy thriving. As in October (CPI), increased 1.6%, core CPI excluding food and energy, annual 2.1%, the biggest increase in two years. Early last week for unemployment benefits dropped by 19,000 in the number one, dropped after the quarter highlighted by 235,000 people, below market estimates, a 1973-year low. Yellen worries the gap chasm is noteworthy, Yeh on the pay gap between different ethnic groups, are concerned.

She said that African-Americans and Spain-American median family income is low, unemployment is higher than the national level. Trump an unexpected victory, as well as United States disparities are worsening. Trump during the campaign, advised monetary decisions with political intentions has been hit, "for Obama's performance, through interest rate manipulation, to maintain interest rates at ultra low levels", openly to replace Federal Reserve Chairman after taking office. In this regard, Yellen public commitments, will finish his term until February 2018. This election, the Republican victory, and won the House and Senate, Republicans had long advocated tax cuts, regulatory restrictions, the market is relatively optimistic about the Economic Outlook. In this regard, Yellen believes that it is too early to early, there are uncertainties in the future. Yeh also suggested that Trump, fiscal stimulus should be cautious.