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EDITORIAL

Fed will be very careful about hiking rates - but it's about time

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Fears of a US interest rate hike are back yet again, this time for good. The Federal Open Market Committee (FOMC) meeting - which comes with a press conference - ends on Wednesday.

FEARS of a US interest rate hike are back yet again, this time for good. The Federal Open Market Committee (FOMC) meeting - which comes with a press conference - ends on Wednesday.

The market should be under no illusion about rates going up soon. Fears of a destabilising increase are