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Added on the 27/04/2016 23:05:43 - Copyright : Reuters EN
US Federal Reserve Chair Jerome Powell announces a 0.25 percentage point increase in interest rates, but signals that the battle to rein in inflation is not yet over. "We continue to anticipate that ongoing increases will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time," Powell tells reporters at a news conference. SOUNDBITE
The US Federal Reserve votes to hold interest rates at a 22-year high for the third straight meeting and signaled it expects to make three cuts next year. SOUNDBITE
"A decision on a pause was not made today," Fed Chair Jerome Powell says during a press conference when asked whether the US Federal Reserve has made the decision to pause rate hikes. SOUNDBITE
Federal Reserve Chairman Jerome Powell signals that the US central bank is not launching a new round of interest rate cuts to boost the economy. SOUNDBITE
Workers returning to the labor force in unexpected numbers and landing jobs could slow the Fed's timing in raising interest rates. Conway Gittens reports.