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NEWS ALERT : Fed Holds Rates Steady, Signals More Rate Increases Ahead

NEWS ALERT : Fed Holds Rates Steady, Signals More Rate Increases Ahead

The Federal Reserve held short-term interest rates steady and offered a mostly upbeat assessment of the economy's performance, suggesting another rate increase is likely at its next meeting.

The Fed repeatedly emphasized the economy's strength in a statement released after its two-day policy meeting. It offered nothing to dispel market expectations that it would deliver its fourth interest-rate increase of the year in December.

Impact : Medium
Sentiment : Good for Dollar
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