Dollar Rises, Bonds Fall Amid Fed Wagers as Yellen Gives No HintBy and
Traders say retail sales strengthen case for December Fed hike
Yellen: costs of low rates for too long may exceed benefits
The dollar rose to a seven-month high and bonds fell after U.S. retail sales data bolstered the case for higher interest rates this year, while Federal Reserve Chair Janet Yellen’s speech did little to alter that view.
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