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Federal Reserve policymakers voiced concerns about the impact of the slowing global economy, led by China, and the stronger dollar on the US economy last month, a Fed document showed Thursday. At the September 16-17 meeting of the Federal Open Market Committee (FOMC), several participants were worried about downward inflation pressures from lower energy prices and the appreciation of the dollar, according to the minutes of the meeting. "Recent global and financial market developments might restrain economic activity somewhat as a result of the higher level of the dollar and possible effects of slower economic growth in China and in a number of emerging market and commodity producing economies," said the minutes, which mentioned China four times.
JERUSALEM (AP) — A Palestinian stabbed four Israelis with a screwdriver on Thursday before a soldier shot and killed him amid fresh violence that prompted Israel's premier to bar Cabinet ministers and lawmakers from a sensitive Jerusalem holy site at the heart of the latest tensions.
By Caroline Valetkevitch NEW YORK (Reuters) - World stock indexes edged higher on Thursday following the release of minutes from the last Federal Reserve meeting, while the dollar extended declines. The minutes from the Sept. 16-17 meeting showed the Fed policymaking committee thought the economy was close to warranting an interest rate hike in September but decided it was better to wait for evidence that a global economic slowdown was not knocking the United States off course. The Dow and S&P 500 added to gains, putting the S&P 500 above 2,000 for the first time in three weeks. U.S. ...