Fed keeps key interest rate steady but sees fewer risks

WASHINGTON (AP) — The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished.
The Fed said Wednesday that the U.S. job market has rebounded, with strong job gains in June after a slump in May. But it said in a statement after its latest policy meeting that it still plans to monitor global economic threats and financial developments to ensure that they don’t slow the economy.
The central bank gave no hint of when it might r