Fed Rate Rise Could Come ‘Relatively Soon’ as Data Point to Stronger Economy – Wall Street Journal

President-elect Donald Trump is preparing to take office amid signs the U.S. economy is growing stronger as the year ends and the Federal Reserve is nearing its next increase in short-term interest rates.

Fed Chairwoman Janet Yellen on Thursday said a rate increase could come “relatively soon,” and her remarks were followed by some of the best government data in decades on housing, jobless claims and inflation. The news bolstered…

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