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Inside the Fed’s Decision to Postpone Raising Interest Rates
The New York Times: Worries that inflation would continue to lag because of weaker economic growth abroad, particularly in China, helped nudge members of the Federal Reserve to postpone dialing back on their stimulus campaign last month, according to the official summary of the meeting released by the central bank on Thursday.
Fed officials signaled throughout much of the summer that they were getting ready to raise interest rates in the fall, the first increase in nearly a decade. But the effect of a slowdown on American exports and commodity prices, combined with fewer signs of inflation, stayed their hand.
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