Fed's Yellen flags rate hikes on 'meeting-by-meeting' basis

WASHINGTON (Reuters) – The Federal Reserve is preparing to consider interest rate hikes “on a meeting-by-meeting basis,” Fed Chair Janet Yellen told a congressional committee on Tuesday, a subtle shift of emphasis that helps lay the groundwork for the Fed’s first rate hike since 2006.

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Fed's Yellen flags rate hikes on 'meeting-by-meeting' basis