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US Fed signals interest rate lift-off unlikely in June amid headwinds to growth

Friday, May 22, 2015 - 05:50

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Federal Reserve officials signalled they are unlikely to raise interest rates in June while leaving open the option of tightening later in the year.

Washington

FEDERAL Reserve officials signalled they are unlikely to raise interest rates in June while leaving open the option of tightening later in the year.

Minutes of their April meeting, released on Wednesday in Washington, also confirmed that the Fed expects growth to pick up

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