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Why The Fed Is Patient On A Rate Hike

Janet Yellen was worried about a stronger U.S. dollar when she read out the Fed minutes in October 2014. Her worries turned true as the U.S. dollar index surpassed 90 towards the end of 2014, and affected earnings of multinational companies in the last quarter. Caterpillar's (NYSE:CAT) CEO Oberhelman went on to say that the Fed shouldn't hike interest soon given the fragile economy and lower oil price environment. The expected currency impact on some companies is…