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0.General, 8.Was Sticky

23 Sept 2016 (AFR) – US Federal Reserve divided, Yellen finds new reason to hold rates

(23 September 2016, AFR, p15, by John Kehoe)

‘The decision to hold US interest rates steady was rejected by three of ten voting members on the Federal Reserve’s monetary policy committee, underlining how the central bank is growing increasingly divided about how soon to lift borrowing costs from crisis-level lows. Though Federal Open Market Committee chair Janet Yellen said in her press conference “I would expect to see” one rate hike this year if the “solid” job market continued improving, the rising internal dissent means she will be forced to steer a difficult course on future rate calls.’

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