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Growth pause, Greek crisis could keep Fed mum on rate rise

The Federal Open Market Committee, led by Chair of the US Federal Reserve Janet Yellen (L), has put much of the financial world on edge for months waiting for its first rate hike in nearly nine yearsThe Federal Reserve dropped its reference to staying patient before raising interest rates in its policy statement in March. The Federal Open Market Committee, led by Fed Chair Janet Yellen, has put much of the financial world on edge for months waiting for its first rate hike in nearly nine years. The removal of the pledge to remain “patient” from the policy statement last month was a clear indicator that the first rate hike could come as early as June, Yellen said at the time.

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