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US Federal Reserve keeps key lending rate unchanged

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AFP Washington
The US Federal Reserve today made no change in the benchmark interest rate and downplayed recent weak economic growth, a signal it likely will remain on course for gradual rate hikes.

The Fed's policy-setting Federal Open Market Committee voted to keep the federal funds lending rate in a range of 0.75-1.0 per cent, just as most analysts had expected.

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First Published: May 04 2017 | 12:13 AM IST

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