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Fed Debates Interest Rate Policy and Messages

Officials of the U.S. central bank are looking for better ways to tell markets they are not going to raise interest rates abruptly or soon, even though many economic indicators are improving. When to raise interest rates and how to warn markets that this economic change is on the way was a key part of the debate at September's meeting of top Fed policymakers.  Many analysts predict the Fed will begin raising rates to more normal levels in the middle of next year. Notes from...

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