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Federal Reserve keeps benchmark rate steady

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The Federal Reserve decided to keep its key interest rate steady in a vote on Wednesday.

The benchmark federal funds rate remains at 4.25%-4.5%.

“Recent indicators suggest that economic activity has continued to expand at a solid pace,” Federal Open Market Committee officials in a statement. “The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated.”

Read more from Quartz.

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