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Fed's George: Most FOMC participants expect rate should rise in 2015

FXStreet (Bali) - Kansas City Federal Reserve Bank President Esther George, speaking about the US economy in Albuquerque, said that expectations are for Q3 GDP growth to come in over 3%.

Additional headlines (via Reuters)

Says payrolls may be understating labor demand

Labor market starting to look more balanced

Says should see wage gains as the labor market normalizes

Long term inflation expectations have not moved

May see more inflation over the next year or so

Most FOMC participants expect rates should rise in 2015

Time to start normalizing Fed policy

Limited options with rates at zero if another recession

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AUD/USD positions on the left mount ahead of RBA

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