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Chances of Fed Rate Hike in 2015 Lessen

The U.S. central bank may have missed the opportunity to raise record low interest rates last month. And some economists say it’s beginning to look less likely this year. The October issue of the Levy Forecast by economist David Levy warns “the global economy is in the process of entering a recession.” It’s a frightening prospect that Levy says depends largely on slowing growth in emerging market economies, particularly China. Levy says if a rate hike does occur this year,...

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