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Fed Leaves Rates Unchanged, Signals 2016 Hike Still Likely

Excerpted Article from
Bloomberg Markets
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Breaking: “The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives.”

Fed Leaves Rates Unchanged, Signals 2016 Hike Still Likely

A divided Federal Reserve left its policy rate unchanged for a sixth straight meeting, saying it would wait for more evidence of progress toward its goals, while projecting that an increase is still likely by year-end.
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