Dec 13, 2011

News Alert: Fed Keeps Rates Unchanged

Breaking News Alert
The New York Times
Tuesday, December 13, 2011 -- 2:27 PM EST

Fed Keeps Rates Unchanged

The Federal Reserve said Tuesday that it will take no new steps to boost economic growth this year, citing mounting evidence that the American economy is chugging slowly toward good health.

The Fed said that recent improvements in the economy came despite the deterioration of global conditions, and it noted the continuing risk that a European meltdown could undermine the nascent American recovery.

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