Negative U.S. rates possible, but no panacea for economic woes

February 9, 2016 7:59 PM

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Negative U.S. rates possible, but no panacea for economic woes

As interest rates turn negative around the world and Federal Reserve Chair Janet Yellen prepares to testify before Congress on Wednesday, investors are wondering how the Fed will respond and how far it could go.

Fears of a global and U.S. economic slowdown, along with oil's precipitous slide, have already had a dampening effect on the market's expectations for Federal Reserve rate hikes in coming months.

Also read: Russian Central Bank: Hackers Stole $31 Million From Correspondent Accounts

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