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Fed to raise rates as Trump economy looms
But there are no guarantees 2017 will see the beginning of a tightening cycle, analysts say, given the uncertainties in geopolitics
Add BT as a preferred sourcePublished Sun, Dec 11, 2016 · 09:50 PM
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Washington
THERE is little room for doubt that the US Federal Reserve will raise the benchmark interest rate this week for only the second time in a decade.
With unemployment at a nine-year low, jobs being created at an average of 180,000 per month, the US economy growing at better than 3 per cent in the most recent quarter and some signs of a pickup in inflation, the writing is on the wall.
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