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Yellen: Fed Still on Track to Raise Interest Rates This Year

The head of the U.S. central bank said Thursday that she expected the Federal Reserve to begin raising interest rates from record lows by the end of this year. Janet Yellen made the comments in a speech after officials delayed a long-predicted interest rate hike last week. The delay prompted investors and others to question the timing of the rate increase. In a lengthy academic presentation, Yellen said interest rate increases would come when inflation seemed likely to move closer to...

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