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Fed expected to postpone rate hike despite being upbeat about economy

"Although there are tentative signs that wage growth has picked up, it continues to be relatively subdued, consistent with other indications of slack," said Ms Yellen.


FEDERAL Reserve policymakers are more confident about the US economy, but are expected to again put off hiking interest rates at the end of a two-day meeting that begins on Tuesday.

Members of the Federal Open Market Committee (FOMC) appear ever-closer to raising...

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