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YELLEN SAYS RATE HIKE ON THE WAY

Federal Reserve Chair Janet Yellen said Monday positive forces supporting U.S. job growth and higher inflation outweigh negative developments, and that a rate hike is likely on the horizon, though she didn’t give a definitive timeline for the increase. Additionally, Yellen said May’s job report was “disappointing” and bears watching, but warned against placing too much significance on the report itself, according to Reuters.

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