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Janet Yellen said Friday she expects the Federal Reserve to begin raising interest rates "at some point this year," saying delaying the long-awaited move risks the economy overheating. The comments came two days after minutes of the Fed's policy board made clear that slow economic growth in recent months meant it was not expecting to increase the benchmark Fed funds rate before late July, despite earlier forecasts of a mid-year hike. Yellen said she expects the economy to bounce back from the stall in the first quarter, which she attributed to "transitory" factors like severe weather and labor disputes at West Coast ports.
Macabre heavy metal giants Slayer have announced a new album to come out on September 11, the band's first since the death of founding member Jeff Hanneman. Slayer, known for intensely dark lyrics, faced a backlash in 2006 over a song about the September 11 attacks entitled "Jihad," which took the point of view of the Al-Qaeda assailants and quoted plot leader Mohammed Atta. "Repentless" is Slayer's first album since 2009 and the first since guitarist Hanneman's death two years ago.
By Sami Aboudi DUBAI (Reuters) - A suicide bomber killed 21 worshippers on Friday in a packed Shi'ite mosque in eastern Saudi Arabia, residents and the health minister said, the first attack in the kingdom to be claimed by Islamic State militants. More than 90 people were wounded, the Saudi health minister told state television. Islamic State said in a statement that one of its suicide bombers, identified as Abu 'Ammar al-Najdi, carried out the attack using an explosives-laden belt that killed or wounded 250 people, U.S.-based monitoring group SITE said on its Twitter account.