The Federal Reserve left its benchmark interest rate unchanged.
In addition, it signaled further gradual rate hikes. The Fed’s widely expected decision kept the central bank’s key short-term rate at 1.75 percent to 2 percent.
The Fed projected in June four rate hikes this year, up from three in 2017. Private economists expect the next hike to occur at the September meeting with a fourth rate hike expected in December.
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