Director / Editor: Victor Teboul, Ph.D.

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Case for Raising Interest Rates Has Grown Stronger, Says Fed Chief

Continued and solid job growth in the United States has made it more likely that the Federal Reserve will raise its short-term interest rates in the coming weeks or months. The upbeat assessment of the U.S. economy came Friday during a much anticipated speech by Fed Chair Janet Yellen in Jackson Hole, Wyoming. "In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds...

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