27-07-2016 22:35 via news.yahoo.com

Fed leaves rates unchanged but says US economy improving

The Federal Reserve left key interest rates untouched Wednesday but acknowledged improved economic performance, suggesting a rate increase may still be on the horizon in 2016. Putting behind the surprise sharp downturn in job creation in May that had raised worries about the economy, the Federal Open Market Committee, which sets the monetary policy, said employment and economic growth had grown moderately since their mid-June meeting. "Near-term risks to the economic outlook have diminished," th
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