Tuesday, August 16, 2016

Gaining confidence, Fed officials eye U.S. interest rate hike this year

NEW YORK/KNOXVILLE, Tenn. (Reuters) - The Federal Reserve is raising expectations for an interest rate rise this year, even as early as next month, after two policymakers on Tuesday said the economic stars now appear to be aligning despite weak U.S. economic growth in the first half of 2016.

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