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Fed’s Plans to Raise Interest Rates Are Delayed, Not Derailed
The New York Times: WASHINGTON — Federal Reserve officials will gather in Washington on Tuesday and Wednesday to debate whether a bumpy start to the year is now in the rearview mirror, clearing the way for higher interest rates.
The Fed is not likely to raise rates this week, but the steady growth of the domestic economy — despite the wobbles of financial markets and the weakness of other developed nations — is strengthening the hand of officials who say that higher rates are necessary to maintain control of price inflation.
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