While you were sleeping: US rates on hold

Wed, 17 Aug 2016

By Margreet Dietz Aug. 18 (BusinessDesk) - US Treasuries rose while Wall Street fluctuated, paring earlier losses, after minutes from the July Federal Reserve meeting showed US policy makers might be less in a rush to raise interest rates than thought. On Tuesday, New York Fed President William Dudley said “it’s possible” the central might hike rates as early as next month. However, the minutes from the July meeting, released on Wednesday, seemed to pour cold water on the idea of a September rate hike. "Several suggested that the commi...

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