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FED announces interest rate


FED announced on Wednesday that it won’t increase the interest rates.

The interest rate will be kept at a range of 2.25% to 2.50%.

FED had been slowly increasing the interest rates since 2015.

FED Chair Jerome Powell stated that they need to act more carefully due to the recent events such as the economic slowdown in Europe and China.

Mr. Powell also said that they will be more patient with interest rates.






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