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Fed’s Yellen to Congress: December “live possibility” for interest rate hike 

Nov 04, 2015By

When the Federal Reserve announced last week that it would not be increasing the federal funds rate in November, speculation ran rampant on whether a rate hike would be coming after the next meeting of the Federal Open Market Committee in December. Speaking Wednesday before the House Financial Services Committee, Fed Chair Janet Yellen formalized that possibility.

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