Fed chair Yellen needs to rebuild Fed consensus in today's speech
All bets are on a possible Sept 2016 hike, pending data revisions or reversals
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FED Chair Janet Yellen faces the challenge of rebuilding and reinforcing the Federal Open Market Committee's (FOMC) faltering consensus regarding the timing of the next rate increase.
Until Friday's employment report, global and US economic developments had satisfied the preconditions for raising rates.
However, the April minutes showed she did not lock in a consensus about timing.
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