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Message: From GoLocalWorcester by Dan Forbes, GoLocal Contributor : Despite strong recent economic indicators, the Federal Reserve again held rates steady this week, while leaving the door open for a September increase. Broader markets had little movement on the news, and mortgage rates continue to follow the ten-year treasury’s lead. Positive employment news in June led to speculation that a rate hike was possible, but the Fed erred on the side of caution for the time being. With inflation tempered and other countries moving into negative rate territory, it may take similarly solid employment reports in July and August to get the first rate hike of 2016. http://www.golocalworcester.com/business/friday-financial-five-july-29-2016
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