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Yellen expects upward push on wages

Expects to see some increasing pressure on wages as the labour market strengthens further

Yellen expects upward push on wages

Reuters
Federal Reserve Chair Janet Yellen said on Thursday that she expects to see some increasing pressure on wages as the labour market strengthens further.

"I would expect to see some upward pressure on wages, I think we've seen some welcome hints" in recent data, Yellen told a committee of lawmakers on Capitol Hill.
 

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First Published: Dec 04 2015 | 12:19 AM IST

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