Tag: monetary
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Wall Street sees Fed rate hike by year-end after jobs data: Reuters poll
A solid U.S. jobs report for September reinforced expectations among Wall Street's top banks that the Federal Reserve would raise interest rates by the end of the year, according to a Reuters poll conducted on Friday. Fourteen of the 15 primary dealers that responded to the poll forecast a rate hike at the U.S. central…
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Yellen, alongside Fed alum, says rate hikes on track
The U.S. economy is on a solid course with some hints of inflation so the Federal Reserve is on track for further interest rate hikes, Federal Reserve Chair Janet Yellen said on Thursday in a defense of her decision to tighten policy late last year. In a rare spectacle, Yellen spoke on a New York…