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- Fed keeps target interest rate unchanged at 0.75-1.00 pct. Slowdown in first-quarter growth likely to be "transitory," still expects economy to expand at moderate pace
Fed keeps target interest rate unchanged at 0.75-1.00 pct. Slowdown in first-quarter growth likely to be "transitory," still expects economy to expand at moderate pace
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Fed repeats near-term risks to the economy appear "roughly balanced"
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Repeats it will reinvest principal payments from its holdings until rate normalization is well under way
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Vote in favor of policy was unanimous
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Business fixed investment has firmed, job gains have been solid and fundamentals for consumption growth also solid
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Inflation measured on 12-month basis has been running close to target
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