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Fed’s Yellen sees rate hikes, mostly good economic picture

Federal Reserve Chair Janet Yellen said on Monday that interest rate hikes are likely on the way because “positive economic forces have outweighed the negative” for the United States, though last month's weak jobs report bears watching. “If incoming data are consistent with labor market conditions strengthening and inflation making progress toward our 2 percent objective, as I expect, further gradual increases in the federal funds rate are likely to be appropriate and most conducive to meeting and maintaining those objectives

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Fed’s Yellen sees rate hikes, mostly good economic picture