``Any chance the Federal Reserve had of raising rates this year may have been quashed Thursday, with the impetus coming not from home but from the other side of the Atlantic. The Bank of England's decision to not only cut interest rates but to restart its money-printing program makes the corner in which the Fed had found itself even more claustrophobic. That's because the U.S. central bank will find it even harder to tighten monetary policy as one of its closest peers loosens.''

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