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Federal Reserve Chair Janet Yellen says the Fed will keep the Federal Funds Rate at its current level, but says the case for an increase has strengthened. Rough Cut (no reporter narration). (Reuters)
Federal Reserve Chair Janet Yellen says the Fed will keep the Federal Funds Rate at its current level, but says the case for an increase has strengthened. Rough Cut (no reporter narration). (Reuters)

Central banks signal no return to normal monetary policy Add to ...

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The world’s most influential central banks have reaffirmed that a return to normal monetary policies isn’t on the horizon, even as they head in opposite directions.

U.S. Federal Reserve Board policy makers left interest rates at a record low in the face of weaker-than-expected economic growth, but left little doubt that an increase in its benchmark rate is in the offing, possibly before the end of the year.

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