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Fed Chairwoman Janet Yellen said she is increasingly confident that the economy is growing sufficiently to achieve labor-market improvement and higher inflation, laying the groundwork for a December interest-rate increase if data hold up.
December 2 -
Federal Reserve Chair Janet Yellen and New York Fed President William Dudley both said the central bank could boost interest rates as soon as next month, while Fed Vice Chairman Stanley Fischer voiced confidence that inflation isnt too far below the central banks goal.
November 4 -
After years of enduring meager returns on low-risk investments, retirees can look forward to more money in their pockets after the Fed starts raising interest rates, though the benefits wont flow swiftly. The Fed, which has drawn political ire for policies that critics say penalized savers, says it expects to only raise rates gradually.
September 16
