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Wall Street eases, dollar up on March Fed rate hike bets

Fed Guv Lael Brainard said an improving global economy, solid US recovery would help to raise rates

Reuters  |  New York 

Wall Street fell as investors took a breather on Thursday after a record day, while the dollar strengthened on positive US data and growing expectations the Federal Reserve will raise interest rates this month. Federal Reserve Governor Lael Brainard said late on Wednesday that an improving global economy and a solid US recovery meant it would be "appropriate soon" to raise rates. The comments followed hawkish statements from two central bankers earlier in the week. Fed Chair Janet Yellen is due to speak on the economic outlook in Chicago on Friday. On top of this, ...

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First Published: Thu, March 02 2017. 22:41 IST