Fed Worries About Low Inflation, Overseas Markets

Top officials of the U.S. central bank are balancing an improving job market against weak inflation and problems overseas as they ponder when and how much to raise interest rates. Wednesday, the U.S. Federal Reserve published the minutes of its rate-setting meeting in late July with the customary delay of several weeks. Many economists predict that the central bank will raise interest rates in September, the first such hike in more than nine years. Low interest rates were intended to...

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