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US Fed Holds Interest Rates Steady

Top officials of the U.S. central bank voted to keep interest rates steady at a near-record low on Wednesday. A Federal Reserve statement says the labor market is getting better, but inflation remains below the two percent level experts say helps the economy. Analysts quoted in the financial press say the statement leaves open the possibility of a rate increase later this year. Interest rates were cut nearly to zero during the recession in a bid to boost economic growth, and kept...

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