Greece's struggles with its euro zone creditors have grabbed much of the world's attention, but U.S. Federal Reserve Chair Janet Yellen is likely to reclaim the spotlight as the week progresses with testimony on a long-anticipated shift in policy. If the Fed sticks to mid-year for its first interest rate rise in a decade, it will be perceived as a reflection of the world economy's growing resilience. U.S. core CPI inflation data due next week will also give some idea of just how much the collapse in oil prices which has tamped down inflation globally will work as a counterweight to the Fed's apparent comfort so far with higher rates in June.
via Business News http://ift.tt/17psxH7
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