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Fed Holds US Interest Rates Steady

Top officials of the U.S. central bank are holding interest rates steady at a relatively low level in a bid to keep stimulating the economy, which has been slow to recover from the recession. Federal Reserve Chair Janet Yellen told journalists this action "should support further progress toward" full employment and stable prices. Yellen said labor market improvements "have slowed," and some business investment has been disappointing. She also predicted that...

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