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Yellen Cites Economic Gains As Dec. Rate Hike Seems Likely

The head of the U.S. central bank says that with the country's improving economy an interest rate increase could be "appropriate relatively soon." Federal Reserve Chair Janet Yellen, in prepared remarks ahead of a congressional hearing Thursday on the state of the U.S. economy, said central bank policy makers would only have to raise interest rates gradually in coming months if they decide to. U.S. economic analysts are widely predicting a rate increase could be approved...

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