Fed Suggests a Growing Chance That Rates Will Rise This year

July 27, 2016 6:34 PM

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WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged on Wednesday, but it issued an upbeat assessment of economic conditions that suggested a growing chance that it would increase rates later this year.

The Fed, in a statement after a two-day meeting of its policy-making committee, said that the economy had overcome wobbles this year and that job creation had increased with moderate economic growth.

Also read: Fed’s Kaplan Expects 3 Rate Rises This Year, but Says More May Be Needed

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