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Markets Cloud US Central Bank's Decision on Rates

Recent chaos on global stock markets is complicating the U.S. central bank's task of deciding when to raise U.S. interest rates. Stanley Fischer, vice chair of the U.S. Federal Reserve, said Friday that market developments and incoming economic data would guide the decision. In a television interview, he said the case for raising rates was "pretty strong" before this week's wild price swings on global stock markets. He added that no decision had been...

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