[Reuters] – Yellen’s is the most important voice in a chorus of policymakers recently suggesting that the U.S. economy has improved enough to warrant tighter borrowing costs, with a growing number of investors now expecting a hike in June or July. While higher interest rates choke liquidity in stock markets, many investors see a potential rate hike as a vote of confidence that the struggling U.S. economy is finding its legs. “As we look at our place in the global economy, things just seem to be improving to a point where it certainly looks likely that June or July will be the next launching point,” said Paul Springmeyer, portfolio manager at the Private Client Reserve of U.S. Bank.
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