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Two Fed bank presidents backed rate hike ahead of last meeting
April 12, 2016 by elegant · Leave a Comment
The heads of two regional Federal Reserve banks supported a rate hike ahead of the Fed's March meeting as an improving economy added to sentiment to tighten monetary policy. The heads of the Richmond and Kansas City Fed branches supported a quarter point hike in the main lending rates for banks “in light of continued improvements in labor market conditions and expectations that inflation would rise,” according to …
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Two Fed bank presidents backed rate hike ahead of last meeting