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How Investors Should Plan for Higher Interest Rates

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On Wednesday, Fed Chairwoman Janet Yellen told the House Financial Services Committee that if the U.S. economy continues performing well, raising interest rates in “December would be a live possibility.” Though she stressed that no decision has been made yet, Mark Zandi, Chief Economist of Moody’s Analytics, says that assuming the jobs number (due Friday) “comes in at 150,000 plus, they’ll raise in December.”