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Inflation and Deflation
Fed nears end of stimulus but stays vague on interest rate hike timing
Fed nears end of stimulus but stays vague on interest rate hike timing

Federal Reserve policymakers took the next-to-last step in ending their controversial bond-buying stimulus program as the economy continues to heal. But they offered no new hints on how soon the Fed would once again hike interest rates — after nearly six years of keeping rates near zero percent. As investors and analysts await word, Fed officials Wednesday reaffirmed they were keeping the central bank's benchmark short-term interest rate near zero and probably would for "a considerable time" after the bond purchases end next month. As the nation's unemployment rate continues to fall, there has been growing pressure on the Fed to raise rates or at least be more...

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