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US Central Bank Holds Interest Rates Steady

Top officials of the U.S. central bank are keeping their key interest rate steady for the time being. On Wednesday, the Federal Reserve also made it clear that officials will probably raise rates later this year, perhaps twice, in small increments. Previously, experts had expected a larger number of rate hikes. In a meeting with journalists, Federal Reserve Chair Janet Yellen said inflation "picked up" in recent months, but "continued to run below" the...

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