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Fed sees limited impact of global slowdown on US

Oct meeting also concludes recent turbulence in financial markets will not derail American recovery
Friday, November 21, 2014 - 05:50
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The sluggish pace of inflation is displacing unemployment as the main reason the Fed is not yet ready to start raising interest rates.

Washington

THE weakness of other major economies and recent turbulence in financial markets will not significantly impede domestic economic growth, US Federal Reserve officials concluded at their most recent meeting in late October.

The Fed made no mention of those speed bumps in a

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