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PLANO, Texas — For the first time in two years, the U.S. Federal Reserve Board put the brakes on raising interest rates, concerned whether a slowing economy will keep inflation in check.

At its August meeting, the Fed voted to hold the federal funds rate at 5.25%. There is speculation in both directions on whether the Fed will raise rates one more time when it meets again Sept. 20. Industry watchers say that the slowdown of the housing market coupled with consumers and businesses reining in spending will continue to be key areas to monitor in determining whether rates will go up again.

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