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EDITORIAL

Even less reason for Fed rate hikes now and in the foreseeable future

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When the US Federal Reserve raised its Fed Funds rate by 25 basis points last December, the expectations were four further rate hikes over the course of 2016.

WHEN the US Federal Reserve raised its Fed Funds rate by 25 basis points last December, the expectations were four further rate hikes over the course of 2016. After the meeting of the Federal Open Market Committee (FOMC) on Wednesday, it seems highly unlikely that there will be more than two...

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