Fed Holds Rates Steady, Says Spending, Inflation Have Slowed

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Fed Holds Rates Steady, Says Spending, Inflation Have Slowed
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The Federal Reserve noted some key economic activity had slowed during the first quarter as it held interest rates steady Wednesday

In the statement released after their two-day meeting, officials mostly looked past last week’s report of stronger-than-expected growth in gross domestic product during the January-to-March period by focusing on an underlying slowdown in household spending and business investment.

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