healthy-pace

Fed’s Yellen faces battle in 2016 after getting all clear for December hike

WASHINGTON/PHILADELPHIA (Reuters) – Federal Reserve Chair Janet Yellen has the evidence of U.S. labor market health she wanted in order to raise benchmark interest rates for the first time in a decade this month, but she may have a tougher time selling further hikes. Federal funds futures contracts imply a 79-percent chance that the Fed will end seven years of near-zero interest rates at its December meeting and about even odds of a second rate rise by March. Interest rate futures …

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Fed’s Yellen faces battle in 2016 after getting all clear for December hike

healthy-pace

U.S. employment report a green light for Fed interest rate rise

By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment increased at a healthy pace in November, in another sign of the economy's resilience, and will most likely be followed by the first Federal Reserve interest rate rise in a decade later this month. Nonfarm payrolls rose

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U.S. employment report a green light for Fed interest rate rise