Yellen signals growing confidence ahead of Fed decision
Fed chair expects some key headwinds to inflation to diminish next year
Janet Yellen delivered an upbeat assessment of the US economic outlook on December 2, setting the stage for the Federal Reserve to hike rates later this month.
The labour market has continued to improve in the second half of the year, and the pace of real GDP growth is likely to push the economy closer to full employment in the coming years, Yellen said.
Jobs data showed an increase of 271,000 non-farm payrolls in October. The continued gains, alongside stable inflation expectations, have helped
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