While you were sleeping: US rate hike still in cards

Wed, 17 Jun 2015

By Margreet Dietz June 18 (BusinessDesk) - Wall Street climbed after US Federal Reserve policy makers said they see the economy continuing to gather steam and expect to raise the central bank’s key interest rate this year. “An increase is certainly possible this year,” Chair Janet Yellen told a press conference in Washington after a meeting of the Federal Open Market Committee, at which it kept its benchmark rate unchanged. Fifteen of the 17 FOMC members said they believed it would be appropriate to lift rates in 2015, while two prefe...

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