Fed's Yellen: Rate hike at next meeting "would likely be appropriate" if data is good enough

Fed's Chairwoman Janet Yellen is hitting the wires, noting that a rate increase at next meeting "would likely be appropriate" if Fed determines that data on employment and inflation are continuing to move in line with expectations.

Key headlines (via Reuters):

• Pace of tightening likely to be faster this year than in 2015 and 2016
• Employment goal "essentially met" and inflation "moving closer" to 2 percent target
• Risks to growth, including economic conditions abroad, have receded and that developments since mid-2016 support view that Fed is on track to reach goals