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For Fed to Delay Rate Hikes, Global Tumult Would Need to Infect U.S.
The Wall Street Journal (online registration required): A wave of financial turbulence overseas could delay the Federal Reserve’s plans to raise short-term interest rates in the months ahead, but only if it ends up knocking the U.S. economy off track.
Fed officials signaled after their mid-June policy meeting they expect to raise rates in 2015 after keeping them near zero for almost seven years. Several officials have said since their gathering that September could be the time for liftoff.
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