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Fed releases statement on federal fund rates
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Banking
Friday, July 31, 2015
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The Federal Open Market Committee reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate, according to a statement released by the Federal Reserve Board. The committee also indicated that economic activity has been expanding moderately in recent months, growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net exports stayed soft.
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