Yellen starts her testimony before the Senate Banking Committee at 10:00 a.m.<br />Andre Bakhos said that The market is pricing in good times ahead<br />but the question is whether the administration is going to be able to deliver on the promises made,<br />(Reuters) - U. S. stocks were little changed on Tuesday, with the "Trump rally" pausing ahead of a testimony by Federal Reserve Chair Janet Yellen<br />that will be scrutinized for clues on the timing of the next interest rate hike.<br />Richmond Fed President Jeffrey Lacker said the central bank will likely have to raise rates more rapidly than the markets currently expect given<br />that any new policies by the Trump administration, while uncertain, will force the Fed’s hand.<br />While President Donald Trump’s pro-business stance sparked a record-setting rally in equities, he has given<br />scant detail on his policies, giving the Fed limited visibility on the direction of the economy.<br />Currently, traders have priced in a mere 17 percent chance of a rate move in March, despite<br />a spate of strong economic data including a robust labor market and improving inflation.
