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A Summer Rate Hike After Janet Yellen's Speech?

June 6th, 2016

Episode 540 of 1328 episodes

Three days after a subpar May jobs report, Fed chair Janet Yellen spoke about the economy at the World Affairs Council of Philadelphia. Beth Ann Bovino says that Yellen, while acknowledging the weak report, stated that economic conditions were largely favorable, signaling an interest rate hike in July was not off the table.

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