26.08.2016 16:09:03
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Yellen Intensifies Rate Hike Chatter
(RTTNews) - Federal Reserve Chairman Janet Yellen says the case for another interest-rate hike has strengthened.
"In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months," Yellen said in a speech prepared for delivery to the Jackson Hole summit.
However, the Fed's decision "always depends on the degree to which incoming data continues to confirm the Fed policy committee's outlook."