Monday July 13, 2020

Fed says US economy strong enough to handle a rate hike

18th June, 2015
US Fed chair Janet Yellen

The US economy is growing moderately after a winter swoon and likely strong enough to support an interest rate increase by the end of the year, but concerns remain over the recovery of the labour market, US Federal Reserve officials said on Wednesday.

With the economy still on track to grow as much as two per cent for the year, the central bank's latest policy statement keeps it on track for at least one and...

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