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US Fed hints at further rate hikes, raises muted concern on global slowdown

US Federal Reserve raised interest rates three times this year and is expected to raise its target again next month, to a range of 2.25% to 2.5%


Federal Reserve policymakers on Friday signalled further interest rate increases ahead, even as they raised relatively muted concerns over a potential global slowdown that has markets betting heavily that the rate-hike cycle will soon peter out. The widening chasm between market expectations and the interest-rate path the Fed laid out just two months ago underscores the biggest question facing US central bankers: How much weight to give a growing number of potential red flags, even as robust US economic growth continues to push down unemployment and create jobs? "We are at a ...

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First Published: Sat, November 17 2018. 04:55 IST