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September hike possible, markets too complacent: Fed

But New York Fed chief still strikes a cautious tone on the pace and ultimate amount of tightening

"We're edging closer towards the point in time where it will be appropriate to raise interest rates further," said Mr Dudley.

New York

THE Federal Reserve could potentially raise interest rates as soon as next month, New York Fed president William Dudley said, warning investors that they are underestimating the likelihood of increases in borrowing costs.

"We're edging closer towards the point in time...

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