Fed Stands Pat, but Says Case for Rate Increase Has Strengthened

September 21, 2016 6:13 PM

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Fed Stands Pat, but Says Case for Rate Increase Has Strengthened

Central bank wants ‘to wait for further evidence of continued progress toward its objectives’

WASHINGTON—The Federal Reserve left short-term interest rates unchanged Wednesday, but signaled after a meeting marked by internal divisions that it still expected to raise them before year-end.

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

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