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Fed: US Economy Strengthens a Bit

Top officials of the U.S. central bank say economic growth has recovered from a slump in the first few months of this year, and is strong enough to warrant raising interest rates in the future. The Federal Reserve left interest rates steady at the record-low level where they have been since the financial crisis. A statement from the Fed governors said the economy is expanding "moderately" and is on track to grow at a 1.8 percent annual rate or a little better this...

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