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No Rate Hike Yet Likely as US Fed Monitors Global Pressures

Not long ago, it seemed a sure bet: The Federal Reserve would raise interest rates by year's end. Fed Chair Janet Yellen herself said she expected it. Now, doubts are rising that the Fed will start raising rates before next year from the record lows where they've stood since 2008. When its policymakers meet this week, the likelihood of a rate hike is widely seen as close to zero. What's changed? Mainly, a global economic slowdown, led by China, that's inflicted...

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