The US Federal Reserve has signalled there will likely be no rate of interest hikes in 2019, citing a slowdown in financial development.

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The announcement by the nation’s central financial institution marked a dramatic climbdown from its expectations on the finish of 2018, when it had forecast two charge rises this yr.

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The Fed first admitted in January that its gradual path of charge will increase was in danger because it famous “world financial and monetary…

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