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Markets look to 'dovish' Federal Reserve for direction

Shale oil production infrastructure in the state of North Dakota. The question for investors is whether growth in consumer and government spending in the US will be enough to compensate for the effects of the oil price plunge and commodities crash on the global economy.

MAJOR US stock indexes fell slightly last week, snapping a five-week winning streak as official statements and economic data hinted that the Federal Reserve could raise rates again as soon as next month.

The rally may resume this week, as long as jobs data is not too hot.

The five-...

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