"If The Fool persists in his Folly he will become wise." - William Blake
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Green Light for September Rate Hike: Experts
While the particular date for the Federal Reserve's (Fed) plans for raising interest rates is still hotly discussed, the momentum is definitely there, especially after Friday's employment data came in. US job growth rebounded in April and the unemployment rate declined to a near seven-year low of 5.4%. Those are signs which could keep the Fed on track to start increasing interest rates this year. The jobs report has been particularly important as it could sway the Fed in its decision on interest rates timing. Non-farm payrolls increased 223,000 last month, with significant gains in the services sector and ... (full story)
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