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27.01.2016 20:03:37
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Cautious Fed Refrains From Another Rate Hike
(RTTNews) - The Federal Reserve on Wednesday made no change to monetary policy, a month raising interest rates for the first time in nearly a decade.
In keeping the benchmark interest rate near 0.25 percent, the Federal Open Market Committee acknowledged that stock market turmoil and economic weakness overseas, particularly China, is a threat to the U.S. recovery.
They also said US "economic growth slowed" since its last meeting in December, and that inflation remains stubbornly low.
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