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Fed Pledges 'Patience' Before Raising Interest Rates

Top officials of the U.S. central bank (Federal Reserve ) say they will keep their key interest rate at its current ultra-low level and be "patient" in assessing economic data before they raise rates. Interest rates were cut to nearly zero during the financial crisis in a bid to boost U.S. economic growth. With the world's largest economy recovering, such help is no longer needed and most economists expect interest rates to begin rising in the middle of...

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