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Yellen's testimony maddeningly unclear on interest rates

Ms Yellen's failure to give firmer guidance on the timing of a rate rise means a policy change will probably come without explicit warning


JANET Yellen's vague message may end up surprising markets more than soothing them. The US Federal Reserve chair deftly parried conflicting calls for more patience and higher interest rates in congressional testimony on Tuesday. What she didn't do is offer clarity on the timing...

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