The Presidential Daily Brief

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    Fed’s Rate Hike Conditions ‘Approaching’

    They need to make up their mind. Low inflation thanks to falling oil prices, combined with a strong U.S. dollar and China’s economic woes, are leaving room for doubt over whether Federal Reserve officials will raise interest rates in September. Minutes from their July meeting reveal that most believe the appropriate conditions for an increase are “approaching” but not quite there. Some experts say the Fed should confidently go for it, but many wonder whether Chair Janet Yellen can decisively steer and retain the credibility of her wavering committee.

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