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The Federal Reserve’s dilemma on Interests Rates

Any chance the Federal Reserve had of raising rates this year may have been quashed by the Bank of England, which not only cut interest rates on Thursday, but restarted its money-printing program. The decision makes the corner in which the Fed has found itself even more claustrophobic, and will likely make it harder to tighten monetary policy as one of its closest peers loosens its purse strings.