July 16, 2015
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2:22Now PlayingJuly 16 -- Federal Reserve Chair Janet Yellen signalled yesterday the pace of interest-rate increases starting later this year will be gradual. While she suggested the fed funds liftoff was probably coming later this year, she did not indicate a leaning toward September, October or December. A focus on lingering labor slack may be inclining her toward a later liftoff than September... but the gate was left open for wide speculation.
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