BREAKING NEWS: Fed Holds Off on New Stimulus, Sees Some Signs of Strengthening

The Federal Reserve on Wednesday said it was taking no new steps to prop up the U.S. economy, and in fact expressed some optimism about recent economic data. The central bank also expects the unemployment rate to improve only gradually. At the conclusion of its two-day meeting, the Fed also made no change to interest rates, having already pledged to keep rates near zero into mid-2013.

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