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Yellen leans towards near-term rate rise without detailing timing

  Bloomberg   Federal Reserve Chair Janet Yellen threw her support behind a growing consensus at the central bank in favor of another interest rate increase soon, while steering clear of specifying the timing of such a move. “It’s appropriate — and I’ve said this in the past — for the Fed to gradually and cautiously increase our overnight interest ...

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Don’t count out June hike after Fed Chair remarks: Bond traders

  Bloomberg Treasuries traders who delayed holiday getaway plans on Friday took away a clear message from Federal Reserve Chair Janet Yellen — a mid-year interest-rate hike may be on the way. Yellen’s remark that the Fed will raise rates “probably in the coming months” drove benchmark two-year note yields higher for a third consecutive week. The comments at an ...

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Argentina’s Macri hunts missing $500 billion in tax amnesty

  Bloomberg Argentine President Mauricio Macri announced an amnesty on an estimated $500 billion of unregistered funds stashed abroad to pay pensioners and help fund a multi-billion dollar infrastructure program. The funds will pay a tax of zero percent to 15 percent depending on the amount and when they are brought back into the country, the government said in a ...

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