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Added on the 26/08/2016 17:57:48 - Copyright : Euronews EN
The case for a U.S. interest rate hike is strong thanks to improving labor market and expectations for solid growth, says Federal Reserve Chair Janet Yellen. Bobbi Rebell reports.
The US Federal Reserve raises its benchmark interest rate by a quarter point to 1.0-1.25% and signals another increase remains likely this year, despite the recent spate of weak economic data.
Federal Reserve
Economy
Federal Reserve chief Janet Yellen vows to serve out her four-year term, despite verbal attacks from President-elect Donald Trump, and gave a clear signal a rate hike likely is coming in December to get ahead of inflation.