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Yellen's Liftoff Call Just Got Easier as Wages Climb At Last

  • Increase in average hourly earnings highest since July 2009
  • Wage pressure will reassure Fed that inflation to increase
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Americans Are Finally Making More Money

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Janet Yellen should be feeling better about the U.S. economy.

Aside from a getting an October jobs report that exceeded just about everyone’s expectations, the Federal Reserve chair saw evidence in Friday’s monthly payrolls update that workers are finally receiving some of the wage increases that have eluded them in the tepid U.S. recovery.