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Thursday, May 3, 2018

Latest News : Fed Holds Rates Steady and Sees Strong Growth in Hiring, Investment

Latest News : Fed Holds Rates Steady and Sees Strong Growth in Hiring, Investment

The Federal Reserve held short-term interest rates steady and indicated it remains on track to raise them gradually in coming months to keep the expanding economy on an even keel.

In a statement released after its two-day policy meeting, the Fed offered nothing to dispel market expectations that it would deliver its second rate increase of the year when it meets in June.

Impact : Medium
Sentiment : Good for Dollar

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