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Business - Wall St. rises as Fed seen holding off rate hike till 2016

Friday`s U.S. nonfarm payrolls report for September showed that job growth slowed in the last three months, increasing prospect that the era of near-zero interest rates will continue for a while yet. Low interest rates not only make its cheaper for companies to borrow, but also boosts consumer spending. The Fed, which has not raised interest rates since June 2006, kept its benchmark rate unchanged in September, citing an uncertain global economic outlook and volatile markets.

Monday, October 05, 2015  19:36

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