Fed's Most Powerful Trio Keep December Rate Rise on the Table

Updated on
  • Fed chair's testimony pushes U.S. Treasury yields higher
  • Fischer voices faith in inflation, Dudley says December's live

Why the Fed Didn't Raise Rates in Oct.

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 isn’t too far below the central bank’s goal.

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