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Fed expected to keep interest rates unchanged

CCTV.com

04-28-2016 06:48 BJT

The US Federal Reserve is expected to keep interest rates unchanged as it continues to monitor the impact of weakening global growth. It may also be trying to give markets a sign that it's determined to resume policy tightening this year.

The Fed has held its overnight lending rate for banks at a target range of between 0.25 and 0.50 percent, since it lifted the benchmark interest rate for the first time in a decade from near zero last December.

Since then the Fed has signaled more caution, as concerns a slowing China would bring challenges to global growth sparked stock price declines and tighter financial market conditions earlier in the year.

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