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Dow jumps as market welcomes good jobs data in upbeat report from Yellen

Thursday, July 13, 2017 - 05:50

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Ms Yellen noted a recent downturn in inflation, which she said the Fed was following closely. But she added that officials regarded it as an anomaly; the Fed predicts stronger inflation next year.

Washington

JANET Yellen, chair of the US Federal Reserve, highlighted the continued strength of jobs growth in an upbeat report to Congress on Wednesday, sending the Dow Jones Index to an intraday high.

Ms Yellen said in prepared testimony that the US economy added 180,000 jobs per

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