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As economy steadies, Fed stands pat : Central bank gives no indication of when it will raise rates again

Feb 02, 2017 - USA Today

The Federal Reserve held its key interest rate steady Wednesday and gave no signal on when it will act again after raising it in December for the first time in a year.

In a statement after a two-day meeting, the Fed's appraisal of the economy was largely similar to its previous portrayal. It said, "The labor market has continued to strengthen" and, "Economic activity has continued to expand at a moderate pace." It added that "job gains remained solid," household spending has risen moderate...