WASHINGTON, D.C.: The Federal Reserve postponed an interest rate hike last month as it worried about a global slowdown led by China, the strong dollar and listless US inflation, a Fed report showed on Thursday (Friday in Manila).
Policymakers at the September 16-17 meeting of the Federal Open Market Committee (FOMC), mulling an increase in the zero-level federal funds rate, took a cautious approach after a severe bout of financial turmoil unsettled the outlook for the US economy.
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