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Near Fed majority backs June liftoff Yellen hasn't yet endorsed
Janet Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favor of a possible June interest rate hike. Seven of the Fed's current 17 members have now said they at least want the option of a June tightening on the table, or have pushed in general for an earlier increase amid an expectation that wages and inflation will turn higher. By contrast, there's a dwindling core of officials who say publicly that the economy and labor markets in particular still have a long way to go -- only four Fed members have in recent weeks clearly said that rate ... (full story)