While you were sleeping: More hawkish talk

Thu, 25 Aug 2016

By Margreet Dietz Aug. 26 (BusinessDesk) - Wall Street moved lower as two more Federal Reserve officials signalled they believe the central bank should raise interest rates a day before a widely-anticipated speech by Fed Chair Janet Yellen in Jackson Hole, Wyoming. "I think it's time to move," Kansas City Fed President Esther George told Bloomberg. She isn’t alone. “The case is strengthening” for a rate increase, Dallas Fed President Robert Kaplan told CNBC. “And you should conclude from that in the not-too-distant future.” Wall...

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