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Wednesday, November 04, 2015

'Yellen Signals a Fed Tilt Toward December Rate Increase'

Here we go again:

Yellen Signals a Fed Tilt Toward December Rate Increase, by Binyamin Appelbaum: Janet L. Yellen, the Federal Reserve chairwoman, told Congress on Wednesday that the Fed would consider raising its benchmark interest rate in December, citing an economy that she said was “performing well.”
“It could be appropriate” to act at the Fed’s final policy-making meeting of the year, Ms. Yellen told the House Financial Services Committee. She suggested that if growth continued apace, the Fed was inclined to start raising interest rates, although she added the cautionary note that “no decision has been made.” ...

    Posted by on Wednesday, November 4, 2015 at 09:18 AM in Economics, Monetary Policy | Permalink  Comments (49)


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