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Near Fed majority backs June liftoff that Yellen hasn't yet endorsed

At meetings on March 17 and 18, Fed likely to remove the final verbal constraint to a June rate hike

Published Mon, Mar 2, 2015 · 09:50 PM

Washington

JANET Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favour of a possible June interest rate hike.

Seven of the Fed's current 17 members have now said that they at least want the option of a June tightening on the table, or have pushed in general for an earlier increase amid an expectation that wages and inflation will turn higher.

By contrast,…

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