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Capitol Report: Besides a rate hike, here’s what else is pushed back beyond Election Day

The Federal Reserve — in what Donald Trump says is a politically-motived move — on Wednesday put off making an interest-rate hike.

But Chairwoman Janet Yellen did say one increase is “appropriate” this year barring major new risks to the U.S. economy. The Fed meets next Nov. 1-2. The election is six days later. Yet both economists, and financial markets, think a rate increase at that meeting is unlikely. Instead, they believe a hike is more likely at the next scheduled meeting, Dec. 13-14, when Yellen would have a press conference to explain the central bank’s thinking.

Also read:Fed stands pat on interest rates ‘for time being.

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