WASHINGTON -- With a solid jobs report paving the way for the first U.S. interest rate hike in a year, investors are looking ahead to 2017 and expecting to see faster tightening amid rising inflation under the new government.
A rate increase "could well become appropriate relatively soon," Federal Reserve Chair Janet Yellen told Congress last month, hinting at a potential further tightening of monetary policy when the Federal Open Market Committee meets Dec. 13-14.
