Wall St. down as Yellen says December 'live' for rate hike

November 4, 2015 6:08 PM

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Wall St. down as Yellen says December 'live' for rate hike

Wall Street was lower on Wednesday, following two straight days of gains, after Federal Reserve Chair Janet Yellen said a rate hike in December was a "live" possibility, but not a certainty.

"What the committee has been expecting is that the economy will continue to grow at a pace that is sufficient to generate further improvements in the labor market and to return inflation to our 2 percent target over the medium term," Yellen said.

Also read: Fed Officials Not Losing Patience Fast Enough to Hike in March

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