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Fed leaves interest rate unchanged at 2%
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Television screens on the floor of the New York Stock Exchange announce the Federal Reserve interest rate decision.

Television screens on the floor of the New York Stock Exchange announce the Federal Reserve interest rate decision. [Richard Drew/AP]



The Federal Reserve is keeping its target for the federal funds rate, the interest that banks charge each other on overnight loans, at 2%. It has been at that level since April.

The Fed says the substantial easing in monetary policy, combined with ongoing measures to foster market liquidity, should help to promote moderate economic growth.

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