FOREX-Yen weakens to 111 per dollar as U.S. Treasury yields soar

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EXCLUSIVE Fed’s Harker says economy close to achieving inflation goal for rate hikes

The U.S. Federal Reserve may be close to meeting the inflation mandate set for raising interest rates, Philadelphia Fed Bank President Patrick Harker said, but it may be a year or longer before the central bank’s employment goal is met to allow for an actual rate increase.

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