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U.S. stocks down, yields up after Yellen boosts rate hike expectations
November 04, 2015 MONEY (MSM)

U.S. stocks down, yields up after Yellen boosts rate hike expectations

Wall Street stocks, unable to follow a rally in European and Asian stocks on Wednesday, fell further after Federal Reserve Chair Janet Yellen said the U.S. economy is “performing well” and could justify an interest rate hike in December. The U.S. dollar and U.S. Treasury yields moved higher after Yellen’s comments, building on a rise that followed earlier data showing stronger-than-expected private-sector U.S. job growth. Yellen told Congress the Fed

U.S. stocks down, yields up after Yellen boosts rate hike expectations
November 04, 2015 MONEY (MSM)

U.S. stocks down, yields up after Yellen boosts rate hike expectations

Wall Street stocks, unable to follow a rally in European and Asian stocks on Wednesday, fell further after Federal Reserve Chair Janet Yellen said the U.S. economy is “performing well” and could justify an interest rate hike in December. The U.S. dollar and U.S. Treasury yields moved higher after Yellen’s comments, building on a rise that followed earlier data showing stronger-than-expected private-sector U.S. job growth. Yellen told Congress the Fed