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Federal Reserve issues FOMC statement: Federal funds rate at 3-1/2 to 3-3/4 percent
NEW YORK, USA – The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: “The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee reaffirmed its policy of maintaining
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