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Federal Reserve minutes point to rate hike 'fairly soon'

WASHINGTON Many Federal Reserve policymakers said it may be appropriate to raise interest rates again "fairly soon" should jobs and inflation data come in line with expectations, according to the minutes of the Fed's last policy meeting released on Wednesday.

Iran ready to give U.S. 'slap in the face': commander

DUBAI The United States should expect a "strong slap in the face" if it underestimates Iran's defensive capabilities, a commander of the elite Revolutionary Guards said on Wednesday, as Tehran concluded war games.

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