Yellen says she expects Fed to raise rates by year’s end

September 24, 2015 10:42 PM

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Chair Janet Yellen said Thursday that she expects the Federal Reserve to begin raising interest rates from record lows by the end of the year.

In a lecture at the University of Massachusetts at Amherst, Yellen said she thought inflation would gradually move up to the Fed’s target rate of 2 percent as unusually low oil prices and other factors prove temporary. And she suggested that global economic weakness won’t likely be significant enoug...

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