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Fed keeps key rate unchanged but hints of coming hike

2016-09-21 1 Dailymotion

The Federal Reserve said Wednesday it is keeping its benchmark interest rate unchanged, but signaled that it will likely raise rates before year's end.<br />The Fed said in a statement ending its latest policy meeting Wednesday that the U.S. job market has continued to strengthen and economic activity has picked up.<br />But it noted that business investment remains soft and inflation too low and that it wants to see further improvement in the job market.

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