Fed: Interest Rate Hike Unlikely Before June

The head of the U.S. central bank says its key interest rate is unlikely to go up before June, and markets will have some warning before that happens. Federal Reserve Chair Janet Yellen made the comments Tuesday to the Senate Banking Committee, part of her twice-a-year report on the state of the economy and how policymakers are trying to manage it. During the financial crisis, key U.S. short-term interest rates were cut to record-lows to spur economic growth. Rising growth and falling...

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