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Indecisive Fed expected to hold rates steady anew

  Washington / AFP In 1890, the psychologist William James wrote that there was “no more miserable human being than one in whom nothing is habitual but indecision.” Indecision is certainly not the habit of Federal Reserve policy makers. But as a divided Fed gathers next week to consider interest rates, they may yet again revise positions that have repeatedly ...

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World Bank’s Kim sees gloomy global growth on Brexit hit

  Bloomberg World Bank President Jim Yong Kim said continued uncertainty following the U.K.’s vote to leave the European Union could hurt global growth. “We actually thought the U.S. was solid, the euro zone seemed to be getting better, even Japan seemed to be doing a little bit better,” Kim told Bloomberg Television on Sunday on the sidelines of the ...

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‘UK might deploy fiscal stimulus in autumn’

  Chengdu / AFP Britain could unleash a government stimulus package this autumn to counter the negative effects of its vote to leave the European Union, its finance minister said Sunday. “We have the option of a fiscal response, and we will do that on our normal timetable around the autumn statement,” Philip Hammond told reporters on the sidelines of ...

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