federal reserve holds key rate unchanged
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Federal Reserve holds key rate unchanged

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Emiratesvoice, emirates voice Federal Reserve holds key rate unchanged

Federal Open Market Committee
Washington - Arab Today

The Federal Reserve kept its benchmark federal funds interest rate unchanged at near zero percent as expected Wednesday, providing no fresh hints on when a long-awaited rate rise might come.

The Federal Open Market Committee said the economy has expanded "moderately" in recent months and the jobs market has strengthened, but noted continued "soft" business investment and exports.

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