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Fed signals no rush to hike rates as economy hits soft patch

April 27, 2016 by · Leave a Comment 

The Federal Reserve left interest rates unchanged on Wednesday, but kept the door open to a hike in June while showing little sign it was in a hurry to tighten monetary policy amid an apparent slowdown in the U.S. economy. “The committee continues to closely monitor inflation indicators and global economic and financial developments,” the Fed said following a two-day meeting. Fed policymakers in March forecast two hikes

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Fed signals no rush to hike rates as economy hits soft patch