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26.05.2016 18:29:19
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Fed's Powell Sees Rate Hike Coming
(RTTNews) - The Federal Reserve is likely to raise interest rates in the near term, according to Fed. Gov. Jerome Powell.
"If incoming data continue to support those expectations, I would see it as appropriate to continue to gradually raise the federal funds rate. Depending on the incoming data and the evolving risks, another rate increase may be appropriate fairly soon," Powell said.
Powell joins a chorus of Fed officials signaling a rate hike the summer, perhaps as early as June.
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