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US FED RATES

Fed rate hikes of little concern: economists

US interest rates still at historic lows; not expected to dampen inflation, investment, and trade

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''The move (by Ms Yellen, above) is representative of the central bank being prudent in its outlook.'' - CIMB Private Bank economist Song Seng Wun

Singapore

EVEN though US Federal Reserve chair Janet Yellen said at her congressional testimony on Wednesday that US interest rates would continue their gradual ascent, it would not dampen inflation or economic growth, said economists The Business Times spoke to.

They also do not

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