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US Federal Reserve keeps interest rates unchanged


US Federal Reserve keeps interest rates unchanged

The US Federal Reserve kept interest rates unchanged on Wednesday (April 27). However it left the door open to a hike in June by signalling confidence in the US economic outlook.

The US central bank’s policy-setting committee said the labour market had improved. That was despite a recent economic slowdown. It also said it was keeping a close eye on inflation.

The Fed said it expected inflation to remain low in the near-term because of earlier declines in energy prices.

It added that it was confident that inflation would rise to its two percent target over the medium-term.

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