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News Wrap: Fed keeps interest rate low, referencing ‘uncertain’ economy

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In our news wrap Thursday, the Federal Reserve kept its benchmark interest rate near zero, as was expected. Jerome Powell, chair of the Fed, spoke after a two-day policy meeting about the “extraordinarily uncertain” economic outlook. Also, the remains of Hurricane Eta dumped rain across Central America for a third day, hitting Honduras especially hard. The storm’s death toll rose to 19.

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Category
U.S. & Canada
Tags
Federal reserve, Jerome Powell, economic news
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