Fed puts December firmly on the agenda for rate hike

October 28, 2015 6:23 PM

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WASHINGTON The U.S. Federal Reserve kept interest rates unchanged on Wednesday and in a direct reference to its next meeting put a December rate hike firmly in play.

Investors had expected the Fed to remain pat on rates, but the overt reference to December came as a surprise. The Fed also downplayed recent global financial market turmoil and said the slower pace of growth in the labor market hadn't undermined its faith in the ability of the economy to create job...

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