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Fed Keeps Rates Unchanged; Signals No More Increases Likely This Year

FOCM Update : Fed Keeps Rates Unchanged; Signals No More Increases Likely This Year

The Federal Reserve held its benchmark interest rate steady Wednesday, and a majority of officials signaled they might not raise the rate at all this year.

The central bank also said in May it would slow the pace of runoff of its $4 trillion asset portfolio and end the runoff of its Treasury holdings at the end of September, exactly two years after it began unwinding its crisis-era stimulus programs.

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