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FOMC holds target rate at current level

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FOMC holds target rate at current level

TheFederal Open Market Committee announced that it is holding its key targetedfederal funds rate at between 0.25% and 0.50%.

Policymakersreaffirmed their generally positive assessment of the economy in their meetingstatement, saying that "labor market conditions have improved further evenas growth in economic activity appears to have slowed."