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Fed believes economy insulated from China slowdown, documents show

From washingtonpost.com

Federal Reserve officials believe the U.S. recovery will likely remain insulated from the slowdown in China that has roiled the global economy, keeping the central bank on track to begin ending its extraordinary stimulus later this year. The Fed opted to keep its benchmark interest rate at zero following its regular policy meeting in September. The central bank released minutes from that discussion Thursday showing officials were hesitant to make a move in the face of volatile financial markets and increased uncertainty over the extent of the strains in China and other developing countries. Many investors now believe ... (full story)

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