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Fed Official Warns Against Raising US Interest Rates Too Soon

Federal Reserve Governor Lael Brainard warned against raising key U.S. interest rates too soon, saying despite the improving economic outlook — global weakness poses a downside risk to already low inflation in the United States. While the U.S. economy has proved “reassuringly resilient," Brainard says the economic momentum may not be strong enough to overcome deflationary risks from abroad. Concerns about slowing growth in China, the world’s second largest economy, has roiled...

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