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Holding rates steady, Fed tones down concerns over global economy

Federal Reserve Chairwoman Janet Yellen arrives for a G20 meeting at IMF headquarters

WASHINGTON (MarketWatch) — The Federal Reserve voted Wednesday to leave interest rates unchanged and took a wait-and-see stance toward future interest rate hikes.

For the third time since the start of the year, Chairwoman Janet Yellen and her colleagues voted to keep the federal funds rate in a range of 0.25-0.5%.

In its carefully calibrated statement the Fed did not give any hints about a possible move in June. U.S. stocks SPX, +0.13% advanced, though not by much, after the...


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