Yellen Sides With Fed Camp Professing Faith in Price Forecasts

August 26, 2016 4:51 PM

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On Friday she expressed confidence that tighter labor markets over time will push inflation back to the central bank’s 2 percent goal, setting up a rate hike this year -- possibly as soon as next month -- if jobs data remain strong. That view breaks with a minority group of Fed officials who are more pessimistic about the relationship between labor markets and prices.

“September is live,” said Priya Misra, head of global interest-rates strategy at TD Securities in New York, referring to the Sept. 20-21 meeting of the Federal Open Market Committee.

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