Higher Interest Rates From the Fed Are Coming, Economists Believe

Higher interest rates are coming. That will be the message Fed Chairwoman Janet Yellen will try to send to markets this week, economists said.

Higher interest rates are coming. That will be the message Fed Chairwoman Janet Yellen will try to send to markets this week, economists said. We expect Yellen to make it clear that the first rate hike is not far off,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics, in a note to clients.Analysts think there is only a small chance the Fed moves at its next meeting, in July. Instead expectations have coalesced on the Fed’s September move unless something unusual happens. The Federal Reserve issues its decision and will hold a press conference at 2:30 p.m. Eastern Time today. Blackstone Group LP (BX) and Carlyle Group LP (CG) are making a joint bid for NCR Corp (NCR) in a leveraged buyout that would be the year's biggest at more than $10 billion, including debt, people familiar with the matter told Reuters. Adobe Systems (ADBE) which has been undergoing a major transition to the cloud, reported second-quarter earnings after the market close Tuesday that beat estimates, but its outlook fell short.