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Fed Holds Key Rate Steady at 2%

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Uploaded by on Jun 26, 2008

The U.S. Federal Reserve has decided to leave a key interest rate unchanged at two percent. The decision on June 25, 2008 concludes two days of meetings by members of the Federal Open Market Committee (FOMC) and brings to an end a string of consecutive rate cuts that began in September. Some economists say the move also signals the possibility that interest rates could start moving up this year. VOA's Mil Arcega reports.

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