US Central Bank Signals More Openness to Interest Rate Change

The U.S. central bank moved a step closer Wednesday to raising interest rates, saying it would no longer be "patient" in waiting for economic conditions to improve further. Many investors saw that change as a signal that the U.S. Federal Reserve could raise rates as early as June. The Fed statement said an increase was "unlikely" at its next meeting in April. The Fed is supposed to work to encourage full employment and stable prices in the economy. But millions...

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