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16th Jul 2015 05:25U.S., Economic Monitor

Fed Chair Yellen said nothing very new in the core of her Monetary Policy Testimony yesterday, repeating her view that rates likely will have to rise this year but policy will remain accommodative, and that the labor market is less tight than the headline unemployment rate suggests. The upturn in wage growth remains "tentative", in her view, making the next two payroll reports before the September FOMC meeting key to whether the Fed moves then.

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Keywords for: 16 July. 2015 Upbeat Yellen Dismisses European Risk - Focus Back on U.S. Data

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