Interest rates are a main concern for investors. Janet Yellen, Federal Reserve Chair, is out with commentary:

“A further adjustment of the federal funds rate would likely be appropriate,” at the March FOMC meeting, says Janet Yellen in a just-released speech.

Her rather clear language echoes that of a long list of other Fed speakers this week suggesting markets had it wrong by not pricing in a move this month.

Yellen also says the Fed is not behind the inflation curve, and a gradual pace of tightening remains appropriate.

Investors should prepare their portfolios accordingly.

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