Fed leaves rates unchanged, says inflation close to target

Fed leaves rates unchanged, says inflation close to target

U.S. Federal Reserve officials left interest rates unchanged, acknowledging inflation is close to target without indicating any intention to veer from their gradual path of interest-rate increases. “Inflation on a 12-month basis is expected to run near the committee’s symmetric 2 per cent objective over the medium term,” the policy-setting Federal Open Market Committee said…

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