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Reasons for Fed's rate freeze dent equities

Stock markets rattled as central bank cites volatile global, financial conditions

US Federal Reserve Chair Janet Yellen speaks at a press conference in Washington, DC, USA Sep 17, 2015.

IN an eagerly anticipated decision, the US Federal Reserve kept the rate at which it lends money to banks overnight close to zero per cent, postponing the rate hike it has long promised because of what it said was the recent China-inspired volatility.

Traders have waited so long for the