Traders work at their screens in front of the German share price index DAX board at the stock exchange in Frankfurt January 23, 2015. REUTERS/Pawel Kopczynski/remote
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European stocks mostly dropped Monday, with investors cautious ahead of the U.S. Federal Reserve's key interest rate meeting this week.Amid concerns over China, the possibility that the Federal Reserve could raise interest rates for the first time in more than nine years this week has injected new levels of anxiety in the global economy.The issue before the Fed is whether to bring the benchmark federal funds rate up from zero percent, where it has been frozen since the financial crisis of 2008 .The Fed is anxious to get off the extraordinarily low rate level, and U.S. economic growth is strong enough to handle a quarter-point rate increase, a number of Fed officials have suggested.
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