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When Will the Fed Start to Raise Interest Rates?

No one knows when the U.S. Federal Reserve will begin again to raise the key interest rate that banks pay on overnight loans, but the central bank's July meeting minutes suggest it could be soon. Since 2008, the Fed's key interest rate has been near zero. On Wednesday, the Fed released the minutes from last month's meeting, and they show a majority of Fed policymakers believe interest rates can rise because the U.S. economy is now strong enough. But when interest rates will...

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