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Janet Yellen Says Fed Is Likely to Raise Interest Rates This Month

Janet L. Yellen, the Federal Reserve chairwoman, said Friday that the Fed was likely to raise its benchmark interest rate this month, barring any unpleasant economic surprises.

Ms. Yellen’s declaration, in a speech in Chicago, capped an intensification in the Fed’s communication in recent days as officials put investors on notice that a rate increase was coming sooner than had been widely expected.

“At our meeting later this month, the committee will evaluate whether employment

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