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US RATE HIKE

Fed says US economy strong enough for rate increase

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Federal Reserve policy makers inserted language into their October statement to stress that "it may well become appropriate" to raise the benchmark lending rate in December and largely agreed that the pace of increases would be gradual, minutes of the meeting showed.

Washington

FEDERAL Reserve policy makers inserted language into their October statement to stress that "it may well become appropriate" to raise the benchmark lending rate in December and largely agreed that the pace of increases would be gradual, minutes of the meeting showed.

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