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Federal Reserve Chair Janet Yellen called for a "pragmatic" approach to US monetary policy on Friday, amid calls by hawkish members of the central bank's policy committee for a quick rise in interest rates due to tightening labour markets and inflationary risks.In a speech at the Fed's annual central banking conference, Yellen laid out in detail why she feels the unemployment rate alone was inadequate ...
Gold prices edged up on Friday as U.S. equities slipped, but gains were limited after Federal Reserve Chair Janet Yellen said U.S. labor markets remain hampered by the effects of the Great Recession.For the week, gold lost about 2 percent, its biggest weekly loss in five, as speculation over an early interest rate hike following the latest Fed minutes earlier this week weighed heavily on the yellow ...
Gold prices edged up on Friday as U.S. equities slipped, but gains were limited after Federal Reserve Chair Janet Yellen said U.S. labor markets remain hampered by the effects of the Great Recession.For the week, gold lost about 2 percent, its biggest weekly loss in five, as speculation over an early interest rate hike following the latest Fed minutes earlier this week weighed heavily on the yellow ...
Gold steadied above a two-month low on Friday after a five-day losing streak and was headed for its biggest weekly loss in five, hurt by strong U.S. economic data and speculation the Federal Reserve could hike interest rates sooner than expected.Bullion has been hit hard after minutes from the Fed's July meeting on Wednesday showed policymakers debated whether interest rates should be raised earlier ...
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