Markets subdued ahead of Yellen speech, healthcare stocks dip
Federal Reserve Chair Janet Yellen will deliver the keynote speech on Friday, but she may struggle to convince financial markets she can steer a divided U.S. central bank to raise interest rates at least once in 2016 after it started the year with four hikes on its radar. “We still have got this disconnect between markets and the Fed,” St. Louis Federal Reserve President James Bullard told reporters last week. “Clearly, the Fed is in the driver’s seat.