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Fed Chair Cites Stronger Case for Rate Hike

The head of the U.S. central bank says the case for raising interest rates has grown stronger. U.S. Federal Reserve Chair Janet Yellen spoke to top financial officials from around the world Friday at a resort in the western state of Wyoming. She said the continued "solid" performance of the labor market and the outlook for inflation and economic activity mean the Fed could raise rates soon. The bank cut the key U.S. rate nearly to zero in late 2008 and kept it there for...

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