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Fed stays course on policy but acknowledges rising inflation
Fed stays course on policy but acknowledges rising inflation

Despite the economic rebound and sharp drop in the unemployment rate recently, Federal Reserve officials still see considerable weakness in the labor market and remain very cautious about moving away from their easy-money policy. The Fed, in a statement after its two-day meeting Wednesday, said it would continue to trim the size of its bond-buying stimulus. But the central bank left its key short-term interest rate near zero and gave no indication that it was about to change course any time soon. The Fed doesn't want to spook investors; markets aren't expecting a first rate increase until well into next year. But with the economy having snapped back from the winter doldrums,...

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