Federal Reserve acknowledges slower growth, leaves interest rates unchanged

January 28, 2016 12:11 AM

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The Federal Reserve on Wednesday acknowledged that the U.S. economy has slowed down but provided little guidance about when it would raise interest rates again.

The central bank began pulling back its support for the recovery in December and signaled it anticipated increasing its benchmark rate four times this year. But weeks of turmoil on Wall Street have spurred doubts about whether the Fed will forge ahead.

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

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