Federal Reserve keeps key interest rate at zero, citing global turmoil
The Federal Reserve on Thursday voted to maintain its unprecedented
support for the U.S. recovery, leaving a key interest rate unchanged
amid gathering clouds over the global economy.
In an official
statement, the nation’s central bank said the job market is recovering
and hiring is “solid.” But it expressed concern that inflation remains
too low and exports have weakened. Meanwhile, the risk is building that
turmoil overseas will drag down growth in America.
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