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Fed keeps key rate near zero, will stay 'patient' on raising it
Fed keeps key rate near zero, will stay 'patient' on raising it

Federal Reserve policymakers kept their benchmark interest rate near zero and reiterated a plan to be patient about future hikes, even though they issued a more upbeat assessment of the U.S. economy. Fed officials said in a policy statement Wednesday that the economy is expanding at a “solid pace,” a rosier view than the “moderate pace” they saw last month. They indicated that no rate increase is coming until at least June. Recent job gains have been “strong” and falling energy prices “have boosted household purchasing power,” the Fed said in its statement, issued after its regular two-day meeting. Fed policymakers continue to view the...

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