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Global uncertainty delays US hike

But muted inflation is expected to be temporary, says Federal Reserve chair Janet Yellen

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Chair Janet Yellen (right) at a Federal Open Market Committee press conference in Washington on Sept 17. The committee reaffirmed the current 0 to 0.25 per cent federal funds rate.

CHAIR YELLEN: "Good afternoon. As you know from our policy statement released a short time ago, the Federal Open Market Committee reaffirmed the current 0 to 0.25 per cent target range for the federal funds rate.

Since the Committee met in July, the pace of job gains has been solid, the

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