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Economics

Why the Fed Is Likely to Stand Pat This Week

Market turmoil means moving from the zero bound gets even trickier.
Bloomberg business news

Sept. Fed Hike Would Be a Mistake: Bank of America's Woo

What a week it might have been?

Speeches and interviews have made it fairly clear that Federal Reserve officials were building a case to begin normalizing interest rate policy as soon as this month, but they are increasingly wary that a misstep could derail the economy at a time when they perceive a lack of tools to address renewed weakness.