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Fed keeps rates steady, signals one hike by end of year
September 22, 2016 by elegant · Leave a Comment
The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further. Fed Chair Janet Yellen, speaking after the central bank's latest policy statement, said U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fueling high inflation.
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Fed keeps rates steady, signals one hike by end of year