Fed keeps rates unchanged, will monitor global pressures

WASHINGTON (AP) — The Federal Reserve is pledging to closely monitor developments in the global economy and financial markets, while keeping a key interest rate unchanged.
The Fed said Wednesday that economic growth has slowed since it raised rates from record lows in December. The changes in a statement it issued after its latest policy meeting signaled that the Fed could be prepared to slow future rate hikes if financial market losses and global weakness do not abate.
It repeated languag