The United States Federal Reserve Board building is shown in Washington October 28, 2014. REUTERS/GARY CAMERON
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Similarly early this year markets wobbled on worries about a slowdown in global economic growth and weak U.S. corporate earnings, leading to expectations for further Fed rates rises to be revised down, so Fed policymakers may be wary of this week sending too strong a message of an imminent policy tightening.Though the U.S. economy is generating jobs and consumer prices have risen, providing support for a Fed interest rate rise, weakness in retail sales and international trade, as well as concern about China's economy, are among reasons Fed Chair Janet Yellen will stay cautious about further rate hikes before the second half of the year.Last week the European Central Bank held its policy rates at historic lows and while the Fed is also set to stand pat for now, its policymakers will not stay silent for too long as markets are pricing in barely one rate hike this year, compared with the Fed's view that two will probably be appropriate.
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