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President of Dallas Fed would likely advocate for raising rates in June, except for concerns about whether the U.K. will stay in the EU.
Hedge fund manager says this is a good year to bet on China, although some worry PBOC stimulus is creating a credit bubble that will eventually pop.
Fed statement cites labor market improvments and removes language suggesting economy continues to be at risk.
Harriet Tubman will replace Andrew Jackson on the front of the $20.
Agency sees potential for 'return of financial turmoil' as a key risk to continuation of slow economic recovery.
Some U.S. metro areasincluding Portland, Seattle, Nashville, and Minneapolis-St. Paulare seeing large wage increases due to tight labor market.