Federal Reserve officials almost raised interest rates in September
by Associated Press from Economics | The Guardian on (#PX7V)
Minutes of the Fed's September meeting show they held off because of China's economic slowdown and its potential to derail US growth and inflation
Federal Reserve officials were almost ready to raise interest rates in September but held off because of China's economic slowdown and its potential to derail US growth and inflation.
Minutes of the 16-17 September discussions showed the central bank believed the time for the first Fed rate increase in nine years "might be near".
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