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US economy doing well; December rate hike possible: Yellen

[WASHINGTON] Federal Reserve Chair Janet Yellen said Wednesday that US economic activity remains solid and that the Fed could decide to increase interest rates at its December meeting.

"At this point, I see the US economy as performing well," she told a congressional panel, reiterating that the Fed's policy statement last week "indicates that December would be a live possibility" for the first increase in the federal funds rate in more than nine years.


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