U.S. Federal Reserve: No Rate Hike Until Job Market Improves

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The U.S. Federal Reserve signaled Wednesday that it needs to see further improvement in the job market and higher inflation before it raises interest rates from record lows. At the same time, the Fed at least opened the door to a rate increase later this year by no longer saying it will be “patient” in starting to raise its benchmark rate.

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Janet Yellen

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