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Federal Reserve Plan for Raising Rates Sidetracked by Weak Jobs Data
The Wall Street Journal (online registration required): The Federal Reserve’s plans for raising short-term interest rates went on hold after Friday’s dismal jobs report, with officials now wanting to wait and see whether the economy remains on track before they make a move.
A rate increase at the Fed’s June 14-15 meeting is almost surely off the table. A move at their July meeting six weeks later is still possible though less likely, because officials won’t have that much more economic...
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