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At its September meeting, the US Federal Reserve raised its federal funds rate 25 basis points to 2.25%, in line with market expectations. REA Group’s Chief Economist Nerida Conisbee says, despite this showing “how strong their economy is growing”, it won’t affect Australian rates for now.“The US rate rise will affect our mortgages, which will slow down our economy anyway, so it actually gives the RBA less reason to raise rates,” Conisbee says.

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