While you were sleeping: Brainard adds to rate bets

Thu, 02 Mar 2017

By Margreet Dietz March 3 (BusinessDesk) - Wall Street fell from record highs, while the US dollar gained, as another Federal Reserve official boosted bets the central bank will raise interest rates at its meeting this month. A Labour Department report showed initial claims for state unemployment benefits fell 19,000 to a seasonally adjusted 223,000 for the week ended February 25, the lowest level since March 1973. “We are closing in on full employment, inflation is moving gradually toward our target, foreign growth is on more solid f...

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