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Yellen signals growing likelihood of a December rate hike
San Jose Mercury News: WASHINGTON -- Federal Reserve Chair Janet Yellen told Congress Thursday that economic conditions are falling into place for policymakers to raise interest rates when they meet in two weeks -- as long as there are no major shocks that undermine confidence.
Yellen said that even after the first increase, rates will still be at very low levels, which should encourage more borrowing by consumers and businesses.
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