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August 27, 2015

Fed official: Sept. rate hike ‘less compelling'

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON — The head of the New York Federal Reserve Bank said Wednesday he's less inclined to support a Fed rate hike in September amid recent global turmoil, including falling oil prices and a slowdown in China.

William Dudley said the developments pose downside risks for the U.S. economy and have fueled market volatility.


 
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