US Stocks Rise After Fed Stands Pat on Rates

June 17, 2015 7:25 PM

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Stocks are closing higher after the Federal Reserve kept its benchmark interest rate unchanged at historic lows.

The central bank said Wednesday that it was seeing some improvement in the economy, but not enough to start raising interest rates.

Also read: UK PM May's Conservatives on 46 percent, Labour on 34 percent ahead of election: Orb poll

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