Fed leaves rates unchanged, says risks to outlook reduced

July 27, 2016 8:21 PM

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Fed leaves rates unchanged, says risks to outlook reduced

WASHINGTON The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year.

The U.S. central bank said the economy had expanded at a moderate rate and job gains were strong in June. It added that household spending also had been "growing strongly," and pointed to an increase in labor utilization.

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