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Fed rate hike ruled out for Sept; turmoil not expected when it happens

Some brokerages fear market has not priced in interest rise this year despite warning signals

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The Federal Reserve did not reveal when it was going to raise interest rates, but it effectively ruled out September.

THE Federal Reserve did not reveal when it was going to raise interest rates, but it effectively ruled out September. That was enough to give stocks a lift.

The Fed's Wednesday statement, which accompanied the expected policy directive to leave rates unchanged, was even more ambivalent

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