The Traderszone Network

Published in TZ Latest News 8 October, 2015 by The TZ Newswire Staff

Fed awaiting evidence global chill not knocking U.S. off track

The U.S. Federal Reserve thought the economy was close to warranting an interest rate hike in September but policymakers wanted firmer evidence a global economic slowdown was not knocking America off course. The minutes from the Sept. 16-17 meeting released on Thursday pointed to a deeply cautious Fed even before subsequent economic data showed a sharp slowdown in hiring by U.S. employers.

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