SE Asia Stocks-Sluggish after Yellen comments

Oct 17 (Reuters) – Southeast Asian stock markets were

sluggish on Monday, in line with broader Asia as investors

digested comments by U.S. Federal Reserve Chair Janet Yellen.

Yellen said on Friday the Fed may need to run a

“high-pressure” economy in order to reverse damage from the

global financial crisis that depressed output.

Her remarks, however, did not address immediate policy

concerns directly and didn’t change prevailing views that the

Fed is likely to raise interest rates in Dec


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s