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October Rate Hike Still a Possibility but Not Likely

The focus in financial markets will be on the U.S. central bank when members of the Federal Open Market Committee meet for two days this week (October 27-28) - to determine if the U.S. economy is healthy enough to raise interest rates. Interest rates have been at record lows since the global financial crisis of 2008. But analysts say despite the improving health of the U.S. economy, it remains vulnerable to the downside risks from external forces, particularly slowing growth in...

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