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EDITORIAL

Federal Reserve likely to start raising rates later rather than sooner

Wednesday, August 5, 2015 - 05:50

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Most experts reckon that the US Federal Reserve will embark on an interest rate-raising cycle this year, the only question being the timing of the first hike.

MOST experts reckon that the US Federal Reserve will embark on an interest rate-raising cycle this year, the only question being the timing of the first hike.

This comes from a growing belief that the US economy is expanding at a sustainable rate of at least 2 per cent per annum, a belief

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