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Federal Reserve Chair Janet Yellen expects the interest rate hike by the Fed at some point this year
Federal Reserve Chair Janet Yellen said on Friday that she expects the interest rate hike by the Fed at some point this year. But she added that the U.S. labour market remains week.
"I expect it will be appropriate at some point later this year to take the first step to raise the federal funds rate and thus begin normalizing monetary policy. But I want to emphasize that the course of the economy and inflation remains highly uncertain…," Yellen said.
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