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US Economic Risks 'Diminished,' But Fed Leaves Key Rate Unchanged

U.S. central bank officials delivered an upbeat statement on the economy Wednesday, saying “near-term risks to the economic outlook have diminished.” The statement came as Federal Reserve officials ended two days of meetings in Washington in the wake of global anxiety over the British vote to leave the European Union and disappointingly weak U.S. job growth in May. Despite strong hiring last month and rebounding stock prices, central bank officials on Wednesday said record-low interest...

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