No rate hike. Fed pares economic outlook

June 15, 2016 6:18 PM

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The Federal Reserve once again hit the pause button.

The central bank, led by Chair Janet Yellen, decided not to raise interest rates Wednesday at the end of its two-day meeting. The decision was in line with expectations after a brutal May jobs report.

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

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