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In switch, Bullard warns against rate hikes, suggesting Fed’s direction

One of the U.S. Federal Reserve's most prominent advocates of higher interest rates on Wednesday declared it “unwise” to move any further in light of weak inflation and global volatility, suggesting the Fed is stepping further away from plans to continue to hike rates. St. Louis Fed President James Bullard argued steadily last year for the U.S. central bank to tighten policy and sounded alarms over the risk that continued low…

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In switch, Bullard warns against rate hikes, suggesting Fed’s direction

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Global downturn spurred Fed to consider changing rate path: minutes

By Jason Lange and Lindsay Dunsmuir WASHINGTON (Reuters) – Federal Reserve policymakers worried last month that a global slowdown and financial market selloff could hurt the U.S. economy and considered changing the central bank's planned interest rate hike path for 2016. Although most of the policymakers still expected to raise rates this year and even discussed a

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Global downturn spurred Fed to consider changing rate path: minutes