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Market Watch | Fed's Powell suggests mid-2015 time for first rate hike
The first rate hike will likely come in 2015 perhaps around mid-year, said Federal Reserve Governor Jerome Powell on Monday.
Market Watch | Fed meeting with major banks, regulators to develop Libor alternative
The Federal Reserve said Monday it is meeting with representatives from 15 banks as well as U.S. and foreign regulators to discuss the process for developing risk-free reference rate alternatives to the current London Interbank Offered Rate for use in derivative contracts.
