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The Federal Reserve is losing credibility by not raising rates now

  • Written by The Conversation

Authors: The Conversation

imageChair Yellen and her colleagues decided the economy isn't ready. Reuters

So the results are in: the Federal reserve decided to keep interest rates at around zero, delaying any increase in its target for at least six more weeks.

The move did not come as a surprise to Wall Street – which was betting 3-to-1 against the...

Read more: The Federal Reserve is losing credibility by not raising rates now

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