U.S.: Will The Fed Keep Turning Down The Flame?
Is this the end? After the Federal Reserve announced another rate hike on Aug. 24, the financial markets breathed a long sigh of relief. The statement seemed to indicate that the Fed's move might be its last for 1999. But policymakers will remain on the sidelines only if the economy slows down and if labor markets stop tightening further. Those are big ifs.
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