The Fed will likely need to raise interest rates more than previously expected in response to strong progress in the world's largest economy,on Tuesday, the first day of his semi-annual, two-day monetary policy testimony before Congress.
Fueling inflation scares, U.S. employers added 500,000 new workers in January while economists polled by Reuters expect the official non-farm payrolls report on Friday to show another 203,000 positions were added in February.
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