US STOCKS-Futures flat as Fed stays on course for 2015 rate hike

miércoles 15 de julio de 2015 09:09 GYT
 

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By Tanya Agrawal

July 15 (Reuters) - Wall Street was set to open little changed on Wednesday after Federal Reserve Chair Janet Yellen said the central bank remained on track to raise interest rates this year, with turmoil abroad unlikely to throw the U.S. economy off track.

Yellen's testimony affirmed the view of a central bank prepared to gradually raise rates after more than six years at a near-zero level. She will speak before the U.S. House of Representatives Financial Services Committee at 10 a.m. ET (1400 GMT).

"The fact that the Fed feels comfortable raising rates even with what's going on globally and in lieu of weak retail data that we saw yesterday shows that the economy is healthy," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.   Continuación...