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The U.S. Federal Reserve is widely expected to keep its key short-term interest rate unchanged when it meets next week. File | Photo Credit: Reuters An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Friday’s report from the…
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Representational image only. File | Photo Credit: Reuters Equity benchmark indices declined in early trade on September 21, falling for the third day running, due to a weak trend in global markets and foreign fund outflows. Global equities fell after the U.S. Federal Reserve signalled that they expect to raise rates once more this year…
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The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high. (Representational) Washington: The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high, while forecasting an additional rate hike before the end of the year to bring down inflation. The Fed’s decision to keep its key lending rate…
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