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Sept. FOMC Minutes: Global Worries, Strong Dollar, Low Inflation All Concerns

While the FOMC agreed that US economic activity had been “moderate” since the August meeting, concerns remained relative to the foreign situation. “A number of participants noted that economic growth over the medium term might be slower than they expected if foreign economic growth came in weaker than anticipated, structural productivity continued to increase only slowly, or the recovery in residential construction continued to lag.

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