Fed keeps interest rates unchanged, cites softer job growth

October 28, 2015 6:03 PM

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The Federal Reserve is keeping U.S. interest rates at record lows in the face of persistent threats from a weak international economy and excessively low inflation.

Fed officials say in a statement that the U.S. economy is still expanding modestly. But in a nod to recent weaker data, they said the pace of job gains had slowed. While it expressed concern about global pressures, the Fed removed a sentence from its September statement that warned about global pres...

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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